XRP Price Plunges Amidst Notable Trading Activity

The cryptocurrency market experienced a notable downturn for XRP on October 14th, with its value dropping approximately 2-3%. This decline was partly attributed to a significant $63 million XRP transaction directed to Binance, which amplified existing selling pressure across the broader altcoin segment. Throughout the day, XRP struggled to hold above the $2.55-$2.56 range before encountering resistance near $2.65-$2.66 from profit-seekers. Despite this turbulence, signs of continued buying interest persisted with hourly trading volume suggesting a potential recovery attempt.