New York, February 1, 2026, 12:29 PM ET — The market has closed.
- After tumbling sharply on Saturday, XRP settled near $1.59 on Sunday.
- Traders are weighing what Kevin Warsh’s nomination by President Donald Trump to lead the Federal Reserve might signal for liquidity.
- Monday’s risk sentiment takes center stage ahead of a packed U.S. data calendar, highlighted by the January jobs report.
XRP hovered around $1.59 on Sunday, barely moving in the past 24 hours as traders remained cautious heading into the new week. Trading volume for XRP hit more than $5.6 billion over the same period, according to data. (CoinMarketCap)
The situation is evolving quickly. Trump claimed his pick for Fed chair, ex-Fed official Kevin Warsh, might snag some backing from Senate Democrats. Meanwhile, a Republican senator vowed to block the confirmation until the Justice Department wraps up its probe into current chair Jerome Powell. (Reuters)
Crypto traders remain laser-focused on rates and liquidity, sidelining token-specific news for now. This comes as investors brace for a packed week of U.S. macroeconomic data and central bank commentary, with risk assets already jittery.
XRP took a heavy hit over the weekend, dropping 11.19% on Saturday to $1.5564 according to the Investing.com index. It even dipped to $1.5404 within the last 24 hours, the site reported. (Investing.com UK)
The selloff followed bitcoin dipping below $80,000 on Saturday, with ether taking a sharp hit as well. Warsh has pushed for a leaner Fed balance sheet, sparking concerns among investors that liquidity supporting speculative assets, cryptocurrencies included, might dry up, Reuters reported. “Sometimes these price adjustments feed on themselves,” noted Brian Jacobsen, chief economist at Annex Wealth Management. (Reuters)
XRP has its own supply story. The XRP Ledger site details an escrow system limiting how much XRP can be unlocked each month, with any unused portion usually locked back in escrow. Traders keep a close eye on these flows, especially during rapid price moves. (XRPL)
Grayscale’s XRP Trust ETF will see its 0% fee waiver expire on February 24, 2026, after which fees will increase according to the issuer’s terms. Traders are marking that date as a potential trigger for short-term flow shifts. (Grayscale Funds)
Near-term risk points the other way. Should rate volatility spike again or bitcoin continue its drop, XRP could slide further without any new Ripple developments. When derivatives trades get crowded, what starts as routine selling can quickly spiral out of control.
Traders will keep an eye on potential spillover effects into U.S. assets once Wall Street reopens Monday. They’ll also be parsing the Fed’s January meeting minutes, set for release February 18, for any clues on policy moves, according to the central bank’s calendar. (Federal Reserve)
Friday’s U.S. employment report for January, set for February 6 at 8:30 a.m. ET, is the next major macro event. This release frequently shifts market views on interest rates and risk appetite. (Bls)
