Hyperliquid“s HYPE token experienced a notable increase of 6.2% on February 5, 2026, following the integration of Ripple“s technology stack, which aims to enhance settlement efficiency. In contrast, XRP saw a decline of 10-11% during the same timeframe, reflecting broader losses across major altcoins, including Ethereum, Solana, and BNB.
The cryptocurrency market faced significant turbulence, with liquidations exceeding $800 million on February 5, primarily affecting long positions. During this period, Bitcoin was trading near $71,000 after experiencing a sharp pullback, contributing to a total market capitalization decline of over 6%.
The performance of Hyperliquid”s HYPE token stood out amid the prevailing bearish sentiment in the market. The integration with Ripple”s infrastructure was met with positive reactions from market participants, leading to increased trading volumes for HYPE. Despite initial fluctuations, where HYPE dropped to $27, the token managed to recover, currently trading around $34.
The movement of XRP, however, contrasted sharply with that of HYPE. Over a 24-hour period, XRP”s price fell nearly 11%, following losses in other major altcoins. This downturn occurred despite positive developments within the Ripple ecosystem, indicating that broader market conditions outweighed positive project-specific news.
In addition to the pressure from falling prices, derivatives activity intensified selling pressure on XRP. Decreased open interest and forced liquidations on centralized exchanges compounded the downward momentum, highlighting a market sentiment that leaned away from high-leverage positions.
On February 5, discussions regarding a US crypto market structure bill stalled, adding to the market”s volatility. Ongoing debates surrounding stablecoin regulation also negatively impacted trader sentiment. Institutional movements during this time saw Grayscale replace Cardano in its CoinDesk Crypto 5 ETF with BNB, emphasizing a focus on liquidity and market depth.
Despite the overall market downturn, the announcement of Hyperliquid”s integration with Ripple”s technology attracted significant attention from traders. Currently, HYPE is trading at approximately $34, having rebounded from its earlier low.
