Today: 14 May 2026
XRP price nudges higher after Ripple custody move — next catalyst hits Friday
9 February 2026
1 min read

XRP price nudges higher after Ripple custody move — next catalyst hits Friday

New York, Feb 9, 2026, 17:03 EST — After-hours

XRP climbed 1.1% on Monday, hitting $1.4466 after moving in a range from $1.3735 to $1.4629. According to CoinGecko, the token posted a 1.2% gain over 24 hours and saw around $3.8 billion in volume. XRP remains down 10.7% for the week.

The modest rebound is playing out in a market still edgy about liquidity—a factor that can send prices swinging sharply, news or no news. Bitcoin’s average 1% market depth, which tracks how much the coin can handle in trades near its going rate, has dropped to roughly $5 million, down from over $8 million in 2025, according to Thomas Probst at crypto data firm Kaiko. “We see few bullish indicators that suggest we may be approaching the bottom,” said Andrew Moss, who leads digital assets research at Jefferies. Reuters

Ripple is pushing its Ripple Custody platform further, announcing fresh partnerships with Securosys and Figment to bolster security and enable staking on blockchains like Ethereum and Solana. Hardware security modules come into the mix for key management. “Institutions need cohesive systems,” said Aaron Slettehaugh, Ripple’s SVP of product. Figment’s Ben Spiegelman described the collaboration as a step toward “secure, institutional staking” aimed at big banks and corporate clients. This move comes on the heels of Ripple’s integration with Chainalysis and the acquisition of Palisade, the custody provider. Business Wire

Staking means locking tokens to support a blockchain’s security, with rewards as an incentive. Banks get to offer yield-like products by combining custody and staking, sidestepping the need to run validator infrastructure themselves.

Bitcoin climbed 1.1% over the last 24 hours, trading just under $69,994, according to CoinGecko. Ether tacked on around 0.8% to land at $2,108. XRP, meanwhile, typically moves in sync with the wider crypto group during periods of macro anxiety—its correlation with the rest tightens as stress mounts in the market.

Crypto companies are fighting over the nuts and bolts now—compliance checks, keeping keys safe, all of it. Unlike token swings, these behind-the-scenes moves crawl. Still, they end up deciding who’s actually willing to put big money on the line.

The risk is simple enough—if risk assets stumble, those shallow order books have a way of turning an ordinary move lower into something nastier. XRP’s latest whiplash serves as a reminder: unwind the leverage, and sentiment can reverse in a hurry.

Regulatory pressure on Ripple relaxed after the U.S. Securities and Exchange Commission wrapped up its lawsuit last August, though the company still faces a $125 million fine. The deal didn’t lift the court order limiting XRP sales to institutional buyers—a sign that legal uncertainty still lingers.

Focus shifts to U.S. macro numbers this week. The jobs report for January hits Wednesday, Feb. 11, with January CPI on tap Friday, Feb. 13—both landing at 8:30 a.m. Eastern. Markets are bracing; a surprise could shake up rate forecasts and sway crypto appetite heading into the weekend.

Stock Market Today

  • ASX opens slightly down as Australian dollar nears four-year high amid federal budget focus
    May 14, 2026, 1:09 PM EDT. The ASX opened marginally lower, with the S&P/ASX 200 down 0.1% to 8,623 points as investors absorbed the federal budget. The Australian dollar remains notably strong, holding above 72 US cents and nearing a four-year high last seen in April 2022. Analysts attribute the currency's resilience to Australia's hawkish central bank, robust demand for LNG and industrial metals, and solid equity markets. Forecasts suggest further gains, with some predicting a rise to 75-76 US cents by 2026. The US Senate confirmation of Kevin Warsh for Federal Reserve chair, seen as favoring softer US interest rates, also boosted the AUD. Global markets showed mixed moves with the S&P 500 up 0.59% and oil prices steady. The ASX 200 has fallen 2.67% over five days but remains flat year-to-date.

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