New York, Feb 6, 2026, 13:45 EST — Regular session ongoing
- XRP bounces back strongly following a sharp drop the previous day
- Ripple announced that its Ripple Prime platform has added support for Hyperliquid derivatives liquidity
- Next week’s postponed U.S. payrolls and inflation reports have traders on edge
XRP jumped roughly 18% to $1.47 on Friday, outpacing other major tokens as bargain hunters moved in following a sharp crypto selloff. The token’s price swung between about $1.13 and $1.54 in the last 24 hours, still sitting some 62% below its 2018 high of $3.84, according to CoinMarketCap.
The bounce came after a steep plunge the previous day. XRP slumped almost 20% on Thursday, highlighting just how fast leverage and momentum can reverse in crypto, according to Investing.com data.
The broader crypto market also rallied, with bitcoin jumping 4.4% to $65,894 and ether gaining 4% to $1,921. Traders pointed to a rapid unwind of crowded bets as the trigger. Deutsche Bank analysts noted that U.S. spot bitcoin ETFs recorded over $3 billion in net outflows during January, a figure that has kept risk appetite fragile even on days of recovery. “A lot of these big crowded positions are being unwound very, very quickly,” said Chris Weston, head of research at Pepperstone. Reuters
XRP’s rally still feels like a high-beta play—it’s tracking the tape, which hasn’t been kind lately. When stocks falter and volatility jumps, altcoins usually swing more wildly both ways.
Ripple made waves earlier this week with news about Ripple Prime, its institutional prime brokerage platform. It now supports Hyperliquid, a decentralized derivatives protocol, allowing clients to access on-chain derivatives liquidity while cross-margining those positions alongside other asset classes on the platform. Michael Higgins, international CEO of Ripple Prime, called this “a strategic extension” that will boost clients’ liquidity access. Business Wire
DeFi, or decentralized finance, covers trading, lending, and other financial services managed via blockchain instead of traditional middlemen. Cross-margining allows traders to reduce the collateral they need by offsetting risk across different positions.
One green day isn’t enough to solve the bigger issue for bulls: confidence remains fragile and flows unpredictable. Should risk appetite fade once more, the leverage that boosted Friday’s rally could just as easily push sellers back in.
The next spotlight could shift to macro data, not crypto news. The January U.S. non-farm payrolls report, pushed back, arrives Wednesday, Feb. 11. A Reuters poll forecasts a 70,000 increase in jobs. Then, on Feb. 13, the January consumer price index will be released.
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