XRP Sinks on Strong Jobs Data, BIS Tests XRP Ledger
XRP fell to around $1.40 after stronger-than-expected US jobs data increased the probability of a Federal Reserve rate hike to 51%, triggering a broader crypto market selloff.
The BIS recently tested 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.