XRP Pulls Back Despite BIS Testing XRPL as Strong U.S. Jobs Data Hits Rate Hike Bets

XRP slipped to around $1.40 as stronger U.S. jobs data revived expectations for higher Fed rates, an XRP price pullback that overshadowed reports of the Bank for International Settlements testing the XRP Ledger.

Why XRP Slipped Toward $1.40

XRP retreated to roughly $1.40 as macro pressure outweighed token-specific news. The move tracked a broader risk-off tone across crypto rather than anything unique to the Ripple-linked asset. For related coverage, see Trezor Says Shipping Partner Retained Deleted Customer Data, Exposing 67,000 More Customers.

XRP Price

~$1.40

Source: CoinGecko

The trigger was a stronger-than-expected U.S. jobs report, which lifted expectations for tighter Fed policy. The same macro backdrop has weighed on the wider market, echoing a recent stretch in which Bitcoin slid as a blowout jobs report revived Fed hike odds. For related coverage, see BlackRock Spot Bitcoin ETF IBIT Records $453 Million in Daily Inflows.

When rate-hike odds rise, higher-yielding assets become relatively more attractive, and speculative risk appetite for tokens like XRP tends to cool. That dynamic is the cleanest explanation for the pullback, and it stands in contrast to earlier sessions when Bitcoin and Ether jumped on Fed pause bets.

What BIS Testing XRPL Means for the XRP Narrative

The pullback landed despite reports that the Bank for International Settlements has been testing the XRP Ledger, a development framed as a credibility signal for the network. It is worth treating that carefully: testing a ledger is not the same as adopting it for production use.

For long-term sentiment, institutional experimentation still matters because it keeps XRPL in the conversation among serious financial-infrastructure players. But it does not, on its own, translate into demand for the token, which is why a supportive protocol headline failed to lift price against a hawkish macro tape.

Key Levels and What Traders Are Watching Next

With XRP hovering near $1.40, that zone becomes the immediate reference point, acting as near-term support that traders will watch for signs of a hold or a break. A sustained move below it would signal that macro selling pressure remains in control.

The next catalysts are macro rather than crypto-native: upcoming U.S. data prints and any shift in Fed rate expectations are likely to steer XRP more than protocol news in the short run. Token-flow context, such as the abnormal ETF imbalance recently recorded around XRP, remains a secondary factor for now.

The takeaway is straightforward: a constructive institutional headline can coexist with a lower price when the macro environment turns against risk. For XRP, the jobs data and the Fed outlook are doing the heavy lifting.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.