XRP News Today: Crypto Market Dips 1.9% as Bitcoin Holds $105,660 XRP Joins Nasdaq Index

The crypto market experienced a slight downturn on June 9, 2025, with about a third of the top 100 coins seeing price increases over the past 24 hours. The overall market capitalization decreased by 1.9% to $3.41 trillion. Bitcoin (BTC) remained largely unchanged, trading at around $105,660, while Ethereum (ETH) saw a slight decrease of 0.9% to $2,492. XRP was the highest gainer among the top 10 coins, increasing by 0.9% to $2.24, and it joined the Nasdaq Crypto US Settlement Price Index, a move that could further open the door to institutional exposure.

Internet Computer (ICP) was the biggest gainer overall, with a 7.3% rise to $5.72, while Tokenize Xchange (TKX) dropped the most, falling 2.6% to $29.92. According to Glassnode, long-term holders of BTC are selling, and without a strong upside catalyst, the risk of a short-term correction is growing. Key support zones for BTC are at $103,700 and $95,600, levels to watch if profit-taking continues.

John Glover, the Chief Investment Officer of the crypto lending platform Ledn, expects a rally to $133,000-$136,000 by the end of this year or the beginning of next. He predicts that the current corrective move lower will complete in the $88,000 to $93,000 region before the next leg up. However, he also noted that a retest of the $74,500 low is not out of the question. Meanwhile, Bitcoin’s exchange reserves have fallen to a record low of 2.3 million on centralized exchanges, indicating growing investor confidence in BTC’s long-term future.

BTC is currently trading at $105,660, managing to hold the $105,000 level after several failed attempts last week. This is a pullback from the intraday high of $106,352. Compared to its all-time high of $111,814, the coin is down 5.5%. It appreciated 0.4% in a week and 1.8% in a month. A key resistance level to watch is $114,800, while a critical support level stands at $83,200. The crypto market sentiment remains unchanged within the neutral territory, standing at 55 today, which indicates investor caution in the market.

US BTC spot exchange-traded funds (ETFs) recorded a net outflow of $47.82 million on June 6, with BlackRock alone bleeding $130.49 million. This two-day outflow streak has broken the brief, two-day inflow streak. At the same time, US ETH spot ETFs have continued the inflows streak of fifteen consecutive days, gaining another $25.22 million. BlackRock leads this list with $15.86 million. Despite the recent crypto market pullback, major TradFi players are still entering the space. The stablecoin space has seen significant interest lately, with Deutsche Bank exploring stablecoins and tokenized deposit solutions to modernize payments.

While the crypto market recorded a wide, albeit minor decrease over the past 24 hours, the stock market saw an increase overall on Friday. On Friday, the S&P 500 increased by 1.03%, the Nasdaq-100 is up 0.99%, and the Dow Jones Industrial Average rose by 1.05%. Stocks reacted to the monthly labor market report, which indicated resilience amid concerns about the impact of US President Donald Trump’s tariffs. It still seems that the ongoing dip is a part of a usual pullback following a BTC all-time high. The coin is currently attempting to hold higher levels, but the analysts stress that the market overall is at a junction – positive moves could provide a significant boost, but negative news could lead to a bearish pull-down as well.