XRP traded near $1.15 on Monday as derivatives positioning picked up amid still-fragile market sentiment. XRP perpetual futures open interest rose to an average of $2.44 billion from $2.28 billion, pointing to a cautious return of speculative activity. Technical indicators remained bearish, with key resistance clustered above current price and support watched near $1.05 and $1.00.

Ethereum remains in a downtrend after losing over 15% last week and briefly dipping to $1,505, with price now hovering around $1,684. BitMine Immersion Technologies bought 126,971 ETH last week, lifting its holdings to 5.54 million ETH and a stated ~4.59% of circulating supply. Technically, ETH is below its 50-day, 100-day and 200-day EMAs, with resistance levels outlined at $1,747, $2,000, $2,058, $2,189 and $2,441.

Ethereum remained weak after last week's selloff, briefly testing $1,505 and continuing to trade below key support zones. BitMine Immersion Technologies said it bought 126,971 ETH last week, lifting total holdings to 5.54 million ETH and about 4.59% of circulating supply. ETH was trading around $1,684, with technicians watching $1,747 and $2,000 as resistance and $1,385 as the next notable support.

Crypto market sentiment has fallen into “extreme fear,” hitting a two-month low, while Solana (SOL) showed relative strength on June 7 with a gain of over 6%. SOL also outpaced Bitcoin’s 4% rise, pushing the SOL/BTC ratio up more than 2.7%, as the market debates whether SOL’s rebound could extend toward $100.

Dogecoin rebounded on Monday to around $0.086 after slipping over the weekend to a multi-year low of $0.077. Analyst Ali Martinez said DOGE is at a "critical structural inflection point", with $0.081 as the key area to hold and $0.058 as the lower channel floor. A weekly close below $0.081, he argued, could imply a move toward $0.058—an additional 32% decline from current levels.

Asian regulators are tightening stablecoin standards, while Japan's ruling party panel on June 1 urged wider yen-based stablecoin use for regional settlement and called for a legal framework for crypto ETFs. The Ripple (XRP) ecosystem reported 1.83 million daily transactions and 7.3 million addresses, with XRPL stablecoin value rising above $760 million as active addresses hovered near 35,000. XRP open interest fell 36% on Bybit from a May peak of $283 million to about $181 million, while Binance eased to $246 million, 2.4% below its June high of $252 million.

Zcash completed a two-stage emergency upgrade to patch a critical flaw in its Orchard shielded pool, after a vulnerability that had existed for four years triggered a sharp market reaction. ZEC fell about 50% from a June 4 high of $624 to $309 on June 5, with more than $3 billion in market cap erased, before recovering as the fix was confirmed.

XRP briefly rebounded Monday after sliding to around $1.04 last week, but an analyst flagged weakening XRPL tokenization indicators over the past 30 days. Tokenized assets on XRPL fell to about $384.5 million (down 11% as of the 30 days ending June 5) and transfer volume dropped 59% to roughly $54.1 million. The same window also showed contrasting growth elsewhere, including RWA holders up 275% to 105 and stablecoin transfer volume up 118% to $4.5 billion.