XRP Plunges Below $3 as ETF Delays Stir Market Jitters – Will Ripple’s Token Rebound?
XRP fell nearly 4% to $2.85 on Oct. 7, losing its #3 market cap spot as Binance Coin and USDT overtook it. The drop followed a Bitcoin sell-off and risk-off sentiment across crypto. SEC reviews of XRP ETF applications remain paused due to the U.S. government shutdown. Ripple’s U.S. bank charter application is still pending, with no decision announced by Oct. 8.