XRP fell 4.81% over the past 24 hours to $1.11 by 14:00 UTC on June 10, 2026, extending a sharp crypto sell-off that has dragged on for days as Bitcoin slipped below $60,000. A $1,000 XRP position would have lost about $48.10 in that stretch.
That drop is landing now because traders are still unwinding risk across the market after Bitcoin first broke below $60,000 between June 5 and June 7, its weakest level since October 2024. US-listed spot Bitcoin ETFs have also been hit hard, with more than $4.2 billion in redemptions over the four consecutive weeks ending June 9, including $325 million on June 5 and another $97 million on June 8. Those outflows have left altcoins such as XRP exposed to every new wave of selling.
Paul Howard described the mood on June 9 as a “silent bear market,” and that is close to what the charts are showing. XRP is trading below its 20-day simple moving average of $1.26, its 50-day average of $1.35 and its 200-day average of $1.60, while its 14-day Relative Strength Index sits at 29.22. The token is technically in oversold territory, but that has not brought in buyers yet. Instead, trading volume is running at 1.74 times its 30-day average, a sign that this is still a heavy liquidation move rather than a quiet drift lower.
Howard said the break below the 200-week moving average gives important confirmation that markets may have entered a bear phase, and XRP is behaving like an asset caught inside that shift rather than one trading on its own story. Ripple unlocked 1 billion XRP from escrow on June 1, adding another source of supply pressure to a market already leaning defensive. The token is also far below its all-time high of $3.65, which shows how much ground it has lost as broader crypto sentiment has weakened.
For now, the open question is not whether XRP is oversold; it is whether buyers will step in before the selling wave pushes it through another support level. If the broader crypto market keeps bleeding and ETF redemptions continue, the oversold reading may matter far less than the force of the outflows.
