XRP Pops, Bitcoin Pauses: What Crypto Traders Are Watching Before Jobless Claims

Retail traders on Stocktwits also pointed to speculation on a partnership with Solana and CLARITY Act momentum as potential catalysts driving XRP’s price higher.
In this photo illustration, visual representations of digital cryptocurrencies, Ripple and Bitcoin are arranged on January 4, 2021 in Katwijk, Netherlands. (Photo by Yuriko Nakao/Getty Images)
In this photo illustration, visual representations of digital cryptocurrencies, Ripple and Bitcoin are arranged on January 4, 2021 in Katwijk, Netherlands. (Photo by Yuriko Nakao/Getty Images)
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Prabhjote Gill·Stocktwits
Published Apr 16, 2026   |   7:17 AM EDT
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  • Bitcoin held ground on Thursday morning ahead of the U.S. jobless claims data and was on track for a third consecutive weekly gain. 
  • Most altcoins among the top 10 cryptocurrencies by market capitalization outperformed Bitcoin.
  • XRP led gains after Ripple announced a new partnership with Kyoto Life Insurance in South Korea to support its tokenization push. 

Ripple’s XRP (XRP) led gains among crypto majors, while Bitcoin (BTC) edged higher on Thursday morning ahead of the initial jobless claims report later in the day.

Consensus estimates expect jobless claims to be around 215,000. Last week’s reading came in at 219,000, exceeding market expectations of 212.000 and marking the highest level in a month. 

Bitcoin’s price edged 0.7% higher in the last 24 hours to around $74,400 after falling below the $75,000 mark on Wednesday. On Stocktwits, retail sentiment around the apex cryptocurrency remained in ‘bullish’ territory over the past day, while chatter dipped to ‘normal’ from ‘high’ levels. 

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BTC retail sentiment and message volume on April 16 as of 6:45 a.m. ET | Source: Stocktwits

Meanwhile, XRP’s price jumped 4.4% in the last 24 hours to over $1.40 after Ripple announced a new partnership with South Korea’s Kyobo Life Insurance to tokenize government bond settlement. Retail sentiment around the token flipped to ‘bullish’ from ‘bearish’ over the past day, and chatter rose to ‘high’ from ‘normal’ levels. 

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XRP retail sentiment and message volume on April 16 as of 6:45 a.m. ET | Source: Stocktwits

Why Is XRP’s Price Rallying Today?

While the Kyobo Life Insurance partnership was the only official news trigger, some users on Stocktwits also attributed the pump in XRP’s price to the momentum around the CLARITY Act and the possibility of some progress on it this week.

Others pointed to a possible integration between Solana (SOL) and XRP after the Solana Foundation account on X posted a single word, “XRP,” and pinned it to their feed, fueling speculation. 

Bitcoin On Track To End Third Consecutive Week In The Green

The overall cryptocurrency market edged 0.9% higher, moving just above the $2.6 trillion mark. Among the top 10 cryptocurrencies by market capitalization, XRP led gains, followed by Cardano (ADA), Dogecoin (DOGE), and Solana (SOL). 

Cardano’s price rose 3.2% in the last 24 hours to around $0.24, whereas Dogecoin’s price rose 3% to around $0.09 and Solana’s price gained 2.4% over the past day, rising to over $85. 

In weekly gains, Ethereum (ETH) and XRP currently lead the charts. Ethereum’s price rose 0.9% in the last 24 hours to around $2,300, with weekly gains at nearly 7%. XRP’s price has gained 5.8% this week, the last day’s rally largely adding to its tally. Meanwhile, Bitcoin has a weekly gain of 4.5% so far. 

The apex cryptocurrency might have logged the largest gains, but it's on track to finish its third week in a row in the green. The last time this happened was in September 2025. 

Read also: EXCLUSIVE: QUBT CEO Says Anthropic's Mythos 'Doesn't Reveal Anything New' — But It Should Make Everyone Move Faster On Quantum Security

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