XRP recovered after an early June decline, rising from $1.093 on June 7 to $1.167 by June 9 following a 12% drop from its May close. The rebound comes as activity on the XRP Ledger continues to grow, with daily transactions increasing 35% in the first quarter of 2026 to 2.48 million. Tokenized assets on the network reached $385 million, while stablecoin transfer volume exceeded $1 billion, indicating expanding institutional usage. Investors are watching technical indicators and potential regulatory developments, though some analysts caution that further downside remains possible.
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