Nipped rhymes with:
chipped, clipped, crypt, dipped, dripped, encrypt, equipped, flipped, gripped, gypped, lipped, nondescript, outstripped, quipped, ripped, script, shipped, sipped, skipped, slipped, stripped, tipped, tripped, unzipped, whipped, zipped
Nipped sounds like:
nabbed, nafta, naivete, naphtha, napped, neft, neophyte, nevada, nevitt, nifty, niobite, nobody, nobody'd, nobuto, nonfat, nonfood, novato, numbed