XRP Declines to $1.50 Amid Ripple’s Hyperliquid Expansion and U.S. Policy Impact
XRP has experienced a notable decline, currently sitting at $1.50 amid Ripple’s Hyperliquid expansion and evolving U.S. policies. Within the last 24 hours, XRP dropped by 1.7%, fluctuating between $1.50 and $1.63. The overall trading volume for XRP during this period reached approximately $4.4 billion.
Impact of U.S. Policy on Crypto Markets
Concerns over U.S. policy are contributing to XRP’s volatility. Democratic senators have urged for a delay in the nomination process of Kevin Warsh. He is President Trump’s pick to succeed Jerome Powell as Federal Reserve Chairman. This potential delay is linked to the leadership changes expected in mid-May.
A recent closed-door meeting involving banks and crypto groups did not yield any agreement regarding digital asset market-structure legislation. A significant issue remains whether issuers should offer interest or rewards on stablecoins.
Ripple’s Strategic Developments
Ripple has announced an expansion of its Ripple Prime institutional platform to include Hyperliquid, a decentralized derivatives venue. This addition enhances on-chain derivatives liquidity for clients, allowing cross-margin positions. Michael Higgins, the international CEO of Ripple Prime, noted that this move will significantly improve access to liquidity for their clients.
Market Volatility Continues
- Bitcoin traders have faced approximately $2.56 billion in liquidations recently.
- XRP’s sentiment has notably deteriorated, dropping around 21% relative to last week on Coinbase.
- XRP’s circulating supply stands at approximately 60.85 billion tokens, out of a cap of 100 billion.
Regulatory Context and Future Outlook
XRP’s ongoing struggle is exacerbated by its regulatory challenges in the U.S. The SEC’s lawsuit against Ripple concluded in August 2025. The verdict resulted in a $125 million fine against Ripple and restricted XRP sales to institutional investors.
Looking ahead, any delays in the Fed nomination process or stringent regulations on stablecoin rewards could push for a heightened risk premium among traders, further pressuring XRP. The upcoming U.S. jobs report scheduled for February 11 will be crucial, as it may influence rate expectations and impact crypto market dynamics significantly.
