XRP Plunges Below $3 as ETF Delays Stir Market Jitters – Will Ripple’s Token Rebound?
XRP’s price took a sharp turn downward on Tuesday, Oct. 7, breaking below the psychological $3 level as crypto markets turned “risk-off.” The token dropped about 4.5% on the day, closing around $2.85 fxleaders.com. Earlier in the session XRP had climbed above $3 before a wave of profit-taking – led by some large institutional wallets – knocked it back down fxleaders.com. This pullback mirrored a broader market correction: Bitcoin slid ~2.4% and the overall crypto market shed roughly 2% in value, as traders cooled off after last week’s surge to record highs fxleaders.com. Observers cited stagflation jitters and U.S. fiscal uncertainty as macro factors that drove investors to trim risk exposure fxempire.com.