Despite significant market volatility and a 50% price drop, the XRP community has shown resilience. On-chain activity remains steady, with the network handling over two million transactions on October 11th—the first time since early August it reached this level. The network’s transaction per second metric also showed slight increases, indicating stability amidst price fluctuations. While trading volumes dropped significantly following a sharp price correction on October 10th, XRP recovered quickly and regained some lost ground within days. However, exchanges witnessed a notable decrease in speculative interest, with volume on Binance decreasing by 65%, Bybit by 73%, and OKX by 74%. Open interest also fell significantly, down to $4.2 billion by October 12th from $9.15 billion on October 7th, with CME Group maintaining the largest position at $1.08 billion. Institutional participation remains active but at reduced levels compared to the beginning of October.