XRP experienced a sharp decline on June 5, 2026, dropping approximately 5% to $1.10 as high-volume selling overwhelmed key support levels and the broader cryptocurrency market entered a risk-off phase. The token fell from $1.17 to $1.11 during the 24-hour session, with the most severe selling pressure occurring around 06:00 UTC on June 5, when trading volume surged to 268.2 million XRP. The Fear & Greed Index slipped into extreme fear territory during this period, signaling heightened market anxiety across digital assets.