XRP has experienced a significant market decline in October, dropping by 20.24%. Initially priced at $0.61175, it fell to a low of $0.50877 by the end of the month. This drop is attributed, in part, to Ripple's management of its escrow and the release of additional XRP into the market which adds downward pressure on prices.
The price adjustments indicate the volatile nature of XRP influenced by Ripple’s control over its supply and its impact on market sentiment. Investors are closely monitoring these changes alongside Ripple's ongoing legal challenges and market strategies.
