XRP fell 4.81% to $1.11 on Binance and other venues by 14:00 UTC on June 10, 2026, as Bitcoin dropped below $60,000 and pulled the broader crypto market lower. For traders holding the token, the move left XRP below every major trend line tracked in this market.
Bitcoin Under $60,000
Bitcoin's move below $60,000 between June 5 and June 7 marked its first break under that level since October 2024, and XRP sold off with it. US-listed spot Bitcoin ETFs added to the pressure, shedding $325 million in assets on June 5 before posting another decline of more than $97 million on June 8.
$4.2 billion in redemptions over the four consecutive weeks ending June 9 show this was not a one-session reset. The flow picture points to sustained selling in the largest listed crypto products, which leaves smaller tokens like XRP trading in the same risk-off tape.
Paul Howard on Wincent
Paul Howard, senior director at crypto trading firm Wincent, said on June 9 that the current environment feels like a "silent bear market." He also said, "The break below the 200-week moving average provides important confirmation that markets may have entered a bear phase," tying the price action to a deeper technical shift rather than a single sharp drop.
1 billion XRP were unlocked from escrow by Ripple on June 1, adding a fresh supply event to a market already under pressure. XRP was also trading below its 20-day Simple Moving Average of $1.26, its 50-day SMA of $1.35, and its 200-day SMA of $1.60, while its 14-day Relative Strength Index stood at 29.22 and trading volume ran at 1.74 times its 30-day average.
XRP Below Three Averages
69.59% below its all-time high of $3.65, XRP is now far from the price range that defined the prior cycle. A $1,000 position at the current price would be worth about $48.10, a sharp reminder that the market has already stripped away most of the token's prior value.
$1.11 puts the next focus on whether buyers can reclaim the $1.26 to $1.35 area that now sits above spot price. Until that happens, the token remains pinned under short-, medium-, and long-term trend markers, with the broader Bitcoin sell-off still setting the tone for the market.
