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XRP dips to $1.40 as strong US jobs data raises Fed rate hike odds to 51%, despite BIS testing XRP Ledger.

Market News
05 Sep 2026
Coincu
View Source
Bearish
XRP dips to $1.40 as strong US jobs data raises Fed rate hike odds to 51%, despite BIS testing XRP Ledger.

XRP fell to around $1.40 following stronger-than-expected US jobs data that increased the probability of a Federal Reserve rate hike to 51%, triggering a broader crypto market selloff. Meanwhile, the Bank for International Settlements (BIS) published a working paper testing the XRP Ledger's consensus protocol, highlighting its technical strengths but not signaling any immediate adoption or partnership. Despite the dip, XRP remains up over 35% in the past 30 days, supported by ongoing institutional demand through XRP ETFs. The market reaction reflects macroeconomic concerns rather than a loss of confidence in XRP or its technology.

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