XRP price surges amid crypto market pressure, but trade war fears loom

XRP saw a modest rise of 1.8 percent to $2.54 on Wednesday. The cryptocurrency’s price remains significantly below its all-time high value of $3.40. XRP, which powers transactions on Ripple Labs’ digital payments platforms, experienced a brief surge after US President Donald Trump suggested it could be included in a strategic crypto tensions impact crypto marketAccording to a report in Barrons, much of the gains made by XRP were erased as investors reacted to the confirmation that US tariffs on Canada and Mexico would take effect. The ongoing trade tensions have dampened market sentiment. This has led to a shift away from risk-on assets including cryptocurrencies. FxPRo analyst Alex Kuptsikevich was quoted in Barron's report saying that pressure in the traditional markets have clipped the wings of the crypto market. He additionally noted that many traders have taken the opportunity to lock their profits in as the uncertainty heightens.