Recent tariffs that President Trump imposes on South Korea. These tariffs were raised by 15 to 25 percent. The ruling impacts various industries such as automobiles and pharmaceutical industries. This innovation brings uncertainty to cryptocurrency markets.
XRP Price Change and Market Analysis.
At the moment, XRP is selling at around 1.88. The bitcoin dropped 1% in the trading day. Meanwhile, Bitcoin fell 0.63% to $87,790. Etherium fell down close to 1% in addition to other popular cryptocurrencies.
Crypto fear and greed index increased by nine points the previous day. Nevertheless, XRP is still very low compared to the monthly high. Earlier in this month, XRP went as high as $2.40. The existing price is a year-end price.
The Hypothesis of Tariff Impact on the Trading of XRP in South Korea.
XRP trades are often dominated by South Korean exchanges. Korean investors can be under pressure with the new tariffs. This may in turn have an adverse impact on the short run performance of XRP. Korean traders could decrease cryptocurrency assets under economic uncertainty.
President Trump proposed the tariff increase because of the legislative delays. The July 2025 trade agreement is yet to be passed by the Korean legislature. As such, mutual tariffs increased to 25 percent. This fact is generating more market tension.
Ripple Saudi Arabia Partnership Growth.
Ripple collaborated with Ajal which is the innovation unit of Riad Bank. This partnership is a study of the uses of blockchain in Saudi Arabia. Moreover, the investment in the innovation of cryptocurrencies is still very high in the Gulf countries. Ripple has a good presence in the Middle East with the help of committed executives.
The alliance will be a regional expansion strategy of Ripple. There are enormous prospects of blockchain use in Saudi Arabia. Also, the interest of digital assets is growing in the Middle Eastern markets. This may be a positive development to XRP in the long term.
XRP Community Event outlook and market outlook.
Brad Garlinghouse is going to be engaged in a fireside chat. The XRP Community Day will take place on February 11 th. The discussion will be moderated by Tony Edward of Thinking Crypto. Among others, there are institutional adoption and capital markets infrastructure.
Silver market volatility now applies to the mood in cryptocurrencies. According to Tom Lee, gold and silver will take investment away in crypto. Nevertheless, silver had a decline of 13% in the recent past. The metal regained 10 percent in 14 hours later.
Crypto news writer since 2022, covering blockchain, digital assets, and market regulation.
Focused on clear, accurate reporting and simplified analysis for global readers.