XRP’s price experienced significant volatility, reaching $2.68 on October 28th amidst increased trading activity and heightened institutional interest. Ripple has remained silent about the market fluctuations despite rising trading volumes. Despite the lack of official statements from Ripple, CoinShares research highlights potential risks associated with XRP trading due to its volatile nature. This rise follows a period of significant market volatility which is attributed to strategic investment by institutional players. While this surge in price appears to be driven by active institutional trading and larger holder behavior, it’s worth noting that Ripple leaders have not offered any public statements regarding the recent market shifts.