XRP’s Tight Squeeze: Navigating Volatility Between $2.85 and $2.93

The cryptocurrency market experienced a dramatic price shift on October 8th as XRP attempted to break through the $2.90 barrier. Despite reaching a high above $2.90, profit-taking led prices back down to the $2.85 level, where they currently reside within a narrow trading band. This recent volatility is fueled by both the broader market and short-term regulatory ambiguities impacting XRP’s price action.