XRP Price Rises. What's Stopping a Crypto Breakout. — Barrons.com

By George GloverXRP was climbing Wednesday — but don't count on the cryptocurrency surging again until the broader market's tariff fears have been resolved.The token, which is used to settle and facilitate transactions on Ripple Labs' digital-payments platform, climbed 1.8% to $2.52 in early trading. It's still trading about 35% below its previous record high of $3.40.XRP surged Sunday after President Donald Trump name-checked it as one of the tokens that could be included in a strategic crypto reserve, but then gave up most of its gains as it became clear that U.S. tariffs on Canada and Mexico would take effect. Digital assets could struggle until the trade standoff is resolved, given that escalating tensions have sparked a pivot away from risk-on investments like stocks and cryptos."Pressure in traditional markets has clipped the wings of the crypto market," FxPro analyst Alex Kuptsikevich said Tuesday, adding that traders were likely taking the opportunity to lock in profit.Write to George Glover at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.