XRP slipped to around $1.40 after stronger-than-expected U.S. jobs data revived expectations of another Federal Reserve rate hike, pulling the token lower even as the Bank for International Settlements (BIS) was reported to be testing the XRP Ledger. The pullback tracked a broader risk-off move across crypto markets rather than any XRP-specific shock. The dynamic reflects a well-established pattern: when traders expect higher policy rates, assets perceived as higher-risk, including cryptocurrencies, tend to face selling pressure as tighter financial conditions reduce speculative appetite.

Why XRP slipped back toward $1.40

XRP retreated to roughly $1.40 as a hotter-than-expected U.S. employment reading lifted bets that the Fed could tighten policy again. For related coverage, see how a blowout jobs report revived Fed hike odds across the market.

XRP spot price stood near $1.40, having pulled back as stronger U.S. jobs data lifted Fed rate-hike expectations, according to CoinGecko.

A macro move, not an XRP shock

The decline lined up with a wider crypto reset after the jobs print, echoing the pattern seen when jobs data revived Fed fears across major tokens. It also unwound part of the earlier rally in which XRP led majors as hike odds slid.

In other words, the catalyst was rate expectations, not a headline tied directly to Ripple or the ledger itself. For related coverage, see BTC Back Above $80K as Macro Bid Lifts Crypto Sentiment.

What the BIS testing XRPL actually signals

Separately, the Bank for International Settlements was reported to be testing the XRP Ledger. The BIS, often described as the central bank for central banks, coordinates policy among its member institutions and runs experimental projects on payments and settlement technology, which is why any engagement with a specific ledger draws market attention. That said, this is a testing signal, not confirmation of a partnership, deployment, or adoption.

Confirmed testing versus market interpretation

The research behind this report is only partially verified, and primary evidence remains incomplete. Readers should treat the XRPL testing claim as an unconfirmed report rather than an established institutional endorsement until firmer documentation emerges.

What to watch next

With XRP hovering near the $1.40 area, the near-term driver remains macro: further signs that stronger jobs data hardens rate-hike expectations would keep pressure on risk assets. The same dynamic has shaped positioning around a large bet on Fed September hold odds.

Broader altcoin sentiment offers additional context, with peers such as Tron trading against the same rate backdrop — a reminder that this is a market-wide repricing rather than an isolated XRP story. The cleaner confirmation to watch is any official BIS or Ripple statement that moves the XRPL story from testing to concrete deployment.

Price: XRP pulled back to around $1.40.

Catalyst: Stronger U.S. jobs data lifting Fed rate-hike expectations.

Wildcard: BIS reported testing the XRP Ledger — a signal, not confirmed adoption.

Watch: Official BIS or Ripple confirmation, and the next macro data prints.

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.