XRP experienced a 2% decline to $2.36 on October 17, driven by significant selling pressure and institutional liquidation. Long-term holders have reduced their positions by 34% over the past two weeks. Despite the downturn, open interest has rebounded to $1.36 billion as derivative traders increase their exposure, suggesting potential accumulation ahead of quarter-end ETF speculation and macroeconomic easing. The cryptocurrency exhibited intraday volatility of 7%, with price consolidation around $2.35–$2.36, indicating controlled re-accumulation. Technical analysis points to a potential reversal of the bearish trend if XRP can reclaim the $2.47 level.