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XRP XRP pulls back to around US$1.40: Under the weight of macro risks, BIS tests XRP ledger failed to reverse the situation.
With the strong release of U.S. employment data, the market's expectations for the Federal Reserve to maintain a tightening policy path have warmed up again. Although there are reports that the Bank for International Settlements (BIS) is testing the XRP ledger (XRPL), the XRP price still fell back to about US$1.40. This trend has brought the market focus back to macro risks again rather than good stories at the network development level.
U.S. employment data changes Fed interest rate cuts expectations, and XRP declines under pressure.
In the immediate response window after the employment data was released, XRP trading prices hovered around US$1.40, following the decline in overall risk appetite. Strong jobs data prompted traders to revise expectations that the pace of interest rate cuts will slow. Normally, expectations of "higher interest rates staying longer" put pressure on speculative assets, and XRP is no exception.
Why is strong employment data putting pressure on XRP?
A more solid labor market weakens the Fed's reasons for easing monetary policy in the short term, tightening liquidity expectations in the cryptocurrency market. Against this macro background, the XRP price has slipped towards the $1.40 region, and its impact far exceeds any token-specific news news.
The correction is reminiscent of previous stressful moments that raised the risk of the token falling below US$1. At the same time, while XRP exchange-traded funds (ETFs) continue to attract net inflows, XRP spot prices lag, a divergence that highlights the split between "macro-driven prices" and "infrastructure narratives."
BIS tests what XRPL means for the XRP narrative
It has been reported that the Bank for International Settlements (BIS) has been testing XRP ledgers. Proponents see this as recognition of the practicality of the network technology. However, the market response was relatively indifferent, and price movements were still mainly dominated by interest rate expectations.
What the test surface suggests
On the face of it, the test signals associated with BIS-indicate that institutions are interested in evaluating the potential of XRPL as a settlement infrastructure. This gives the ledger a place in discussions among traditional financial institutions exploring distributed systems.
Testing what has not been proven
Technical testing does not amount to policy support. It does not confirm actual adoption, system integration or any regulatory approval for the XRP assets themselves. Therefore, traders remain rational about this and continue to focus on macro market dynamics.
After the correction, XRP traders focus on the US$1.35 support level
Currently, XRP is hovering near the US$1.40 mark in the spot market, and the immediate US$1.35 has become an immediate support area that requires close attention. If the price effectively falls below this position, it indicates that the macro selling force is overwhelming the good news at the network level; if this position can be held, the existing shock range will be maintained.
Key catalysts to watch next
In the next 24 to 72 hours, the Federal Reserve interest rate expectations will remain the dominant factor. Any economic data that strengthens the view that "high interest rates will last longer" could cause the correction to extend further. Position signals are equally important, with exposure to XRP futures on the Chicago Mercantile Exchange (CME) rising during the correction.
Although the BIS test narrative may keep market sentiment active in the future, the short-term trend depends on whether the US$1.35 support level is solid.
Disclaimer : This article is for information purposes only and does not constitute any financial or investment advice. There are significant risks in the cryptocurrency and digital asset markets. Be sure to conduct independent research before making a decision.
