XRP Slips to Around $1.40 as Macro Pressure Builds
XRP was changing hands near $1.41 on September 5, with a market cap around $88.6 billion and 24-hour volume near $1.7 billion. For related coverage, see Dolly Parton's Death Sparks Memecoin Rush, Rug Pulls Hit Investors.
XRP Spot Price
As of September 5, 2026 — Source: CoinGecko
The retreat stings because it lands on top of genuinely bullish news. The world’s central bank for central banks had just spotlighted XRP’s own blockchain, yet the token still drifted lower. For related coverage, see Bitcoin Falls to $78.4K as Fed's Warsh Downplays Soft Inflation Data.
This is a pullback, not a collapse. But it underlines how macro forces are steamrolling even the most compelling adoption headlines right now. For related coverage, see Polymarket Launches Crypto Perpetual Futures With 20x Leverage.
Stronger U.S. Jobs Data Rekindles Fed Rate-Hike Concerns
The culprit is Washington’s data, not anything wrong with Ripple. The U.S. Bureau of Labor Statistics said nonfarm payrolls rose by 162,000 in August, with the unemployment rate holding at 4.1%.
A hotter labor market means the Federal Reserve has less reason to cut. The stronger-than-expected report hit stocks and short-term bonds and pushed some investors to bet the Fed is now more likely to raise rates.
Higher-for-longer rates drain risk appetite, and crypto sits at the far end of the risk curve. XRP had recently rallied as majors climbed on softer Fed hike odds, so this reversal cuts especially deep.
The whiplash is real. Just weeks after markets cheered a possible Fed rate pause, one strong jobs print flipped the narrative back to tightening fears.
Sentiment, oddly, hasn’t cracked. The crypto Fear and Greed Index still reads 73, firmly in Greed territory, suggesting traders view this as a dip rather than a trend break.
Why BIS Testing on XRPL Still Matters for the Bigger XRP Thesis
Here is the part the price is ignoring. On September 2, the BIS published Working Paper 1374, presenting a proof of concept built on the XRP Ledger for verifiable official statistics.
The design anchors SDMX dataset fingerprints on-chain, letting anyone verify a publisher’s identity and data integrity with a single ledger lookup. Under controlled tests, publication took 3 to 5 seconds and verification 1 to 2 seconds.
That is a serious institutional endorsement of the technology. The BIS is a policy and research hub for central banks, not a market regulator, so this is a credibility signal, not a rubber stamp on XRP as an investment.
Crucially, the prototype anchored fingerprints, not raw datasets, and it does not by itself create meaningful XRP demand. The direct fee-burn channel stays tiny unless real deployment drives new accounts and sustained on-chain activity.
The nuance matters because most coverage stops at “BIS used XRPL” and jumps straight to price hopes. The ledger itself has shown fewer active accounts but bigger trades and more value moving across it, a maturing usage pattern rather than a retail frenzy.
So the split screen is the story. Short term, XRP is a macro casualty. Long term, a BIS proof of concept just gave XRPL exactly the kind of institutional validation bulls have craved. Which timeframe wins the market’s attention next?
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.
