XRP Price slipped below the $1.40 level as pressure increased across the wider cryptocurrency market. The token declined 3.61% over the past 24 hours and traded near $1.36 after failing to maintain its previous support.
Investor sentiment weakened following unexpected economic data from the United States. U.S. nonfarm payrolls reportedly dropped by 92,000 in February, raising fresh concerns about slowing economic momentum.
At the same time, markets responded to increasing geopolitical tensions associated with the Middle East conflict. Even more fears were fuelled by higher oil prices and international uncertainty over continuing inflation and economic turmoil.
The wider cryptocurrency market also declined, dropping by 3.09% in a single day to a total of 2.35 trillion. Bitcoin price fell briefly under the $70,000 mark, and Ethereum fell below $2,000 following a brief recovery.
Top coins have also experienced a decline during the same period as investors took a more conservative approach. Solana, Cardano and Dogecoin were all down in the wider market correction.
Analysts observe that XRP and the overall crypto market can still be affected by the macroeconomic uncertainty and geopolitical risks.
US Labor Market Weakens as February Payrolls Fall by 92,000
The February U.S. employment report showed an unexpected decline in hiring across the economy. Nonfarm payrolls fell by 92,000 during the month, far below forecasts for a 58,000 increase. The unemployment rate also rose to 4.4%, slightly exceeding expectations of 4.3%.
Updated figures revealed weaker hiring in previous months than initially reported by officials. December 2025 payroll data was revised sharply lower, shifting from a reported gain to a loss.
January job growth was also reduced slightly after new revisions were released. Analysts noted the February decline represents only the second monthly job loss since the 2020 pandemic. Higher unemployment and weaker payroll numbers may raise concerns about broader economic slowing.
Increased unemployment rates and declining payrolls can make one to worry about a slowdown in the economy. Future data is also likely to be followed by markets and policymakers to provide better signals about employment trends.
XRP Price Faces Selling Pressure After $1.40 Rejection: Is $1.30 the Next Test?
As of writting, the XRP price crashed at $1.35 after failing to hold recent range resistance near $1.40. Technical signs are also an indicator of the weakening of the bullish momentum in the existing trading setup.
The RSI of the four-hour time frame fell close to 41, indicating a decline in the buying power. In the meantime, the MACD histogram shifted slightly to the negative side as the momentum was gradually moving in the direction of the sellers.
Source: XRP/USDT 4-hour chart: TradingviewThe nearest support area is just above $1.30, which has taken in the recent negative pressure severally. Should this break, further bearish levels are seen at around $1.25 and $1.20. Nevertheless, the buyers might rebound again when price retarts above the $1.30 structure.
A recovery action would take XRP to the price of approximately $1.40 and probably re-enter the price of resistance of $1.50.
Source: https://coingape.com/markets/xrp-price-at-risk-as-u-s-nonfarm-payrolls-fell-by-92000-in-february/
