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XRP falls to $1.09 amid Bitcoin weakness and broad market risk-off sentiment

Market News
06 Jun 2026
Tokenpost
View Source
Bearish
XRP falls to $1.09 amid Bitcoin weakness and broad market risk-off sentiment

XRP dropped to around $1.09 as macroeconomic pressures and Bitcoin's decline influenced the broader crypto market. The token fell over 18% in the past week and 22% in the past month, with no new XRP-specific developments to support a rebound. Trading volume remains heavily concentrated on centralized exchanges, reflecting institutional and active retail participation. XRP's near-term price direction depends largely on Bitcoin reclaiming $60,000 and stabilization in equity markets like the Nasdaq.

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Ripple USD stablecoin supply nears PayPal USD, closing gap to $248M in late September 2026

Ripple USD (RLUSD) stablecoin's circulating supply rose to $2.491 billion, narrowing the gap with PayPal USD (PYUSD) to about $248 million as of late September 2026. RLUSD increased by $82.1 million during the period, while PYUSD stood at $2.739 bill...

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Protocol Fundamentals
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XRP price rises 2.11% in an hour amid $370K short liquidations

XRP price rises 2.11% in an hour amid $370K short liquidations

XRP's price increased by 2.11% within one hour to $1.52, partially recovering from a 24-hour decline. This rise was driven by $370,000 worth of short position liquidations on exchanges like Binance, Bybit, and OKX, while no long positions were liquid...

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Trader Peter Brandt finds XRP chart promising but confirms no purchase or new price target.

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Veteran trader Peter Brandt highlighted the XRP chart's interesting price compression patterns that historically led to strong rallies, sparking renewed interest in the token. However, he clarified that he has not bought XRP nor set a new price targe...

Technical Signals
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Wintermute holds $93M in shorts on Hyperliquid, mainly betting against Ether and Solana.

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Wintermute, a market maker, has taken a heavily short-biased position on the Hyperliquid trading platform, holding about $93 million in short positions versus $5.12 million in longs. The largest short is on Ether (ETH) valued at $47.19 million, with ...

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