XRP Navigates Tight Price Range Amidst Volatility and Uncertainty

On October 8th, XRP experienced fluctuations in price, reaching a high of nearly $2.90 before retracting back to near $2.85. Despite this brief attempt to break above the $2.90 mark, a new supply zone has emerged at the $2.92–$2.93 range. However, the price continues to fluctuate within a narrow corridor of 3% between $2.85 and $2.93, reflecting ongoing uncertainty in the market. Short-term momentum remains subdued due to macroeconomic headwinds and regulatory concerns. While XRP maintains its bullish long-term narrative, short-term volatility persists. Trading volumes surged during this period, with a massive 86.6 million traded at its intraday peak of $2.93.