Hyperliquid’s HYPE token rose 6.2% on February 5 after the platform confirmed an integration with Ripple, bucking a broader crypto market sell-off.
The gain came as major cryptocurrencies moved lower amid regulatory uncertainty and heavy liquidations, highlighting how project-specific developments can still attract selective buying.
Hyperliquid said the integration aims to improve interoperability and settlement efficiency, a move traders appeared to view as a practical infrastructure upgrade rather than a speculative catalyst.
HYPE outperformed despite worsening sentiment across the sector, with Bitcoin trading near $71,000 and total crypto market capitalisation falling more than 6% on the day.
By contrast, XRP fell close to 11% over 24 hours, tracking losses across major altcoins as fading risk appetite outweighed ecosystem-specific developments.
The XRP decline was amplified by derivatives activity, including falling open interest and rising forced liquidations across centralised exchanges, pointing to sentiment-driven pressure rather than fundamentals.
The divergence played out as investors reacted to stalled US crypto legislation and stablecoin debates, with Hyperliquid’s rally underscoring that targeted integrations can still draw interest in fragile market conditions.
At the time of reporting, Hyperliquid price was $34.45.