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XRP Drops 6.23% as Leverage Unwind Tests Recent Rally

10/9/2026

XRP is down 6.23% over the past 24 hours to around $1.38, marking the steepest decline among the ten largest cryptocurrencies by market cap according to CoinMarketCap data.

The token is retreating from an aggressive four-day surge that pushed it from roughly $1.00 to an intraday high near $1.69, a move that briefly touched the $1.70 level before broader market weakness set in.

This sharp reversal follows a week where XRP outperformed most of the digital asset market.

The token remains up 35.55% over the past seven days, trailing only Hyperliquid's 38.65% weekly gain among the top ten and significantly outpacing Bitcoin and Ethereum.

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