A Binance withdrawal pause affecting XRP is a plausible trigger, while derivatives data offers weaker evidence of selling pressure. The fall included a sharp drop from the 24-hour high, with little rebound by the end.
May have started the movePossible
A report published Oct 29, 14:54 UTC said Binance had paused XRP withdrawals after a hack. News of reduced access to withdrawals could have hurt sentiment, but the report does not establish when the pause began or its market impact.