XRP Price Dips Ahead of Crucial Regulatory Moment

XRP's price is currently at $1.32, down 3% on the day and sliding back toward its lower end of a recent range.

However, the question remains whether this dip is a buying opportunity before a regulatory catalyst or the start of something more concerning.

The pullback follows a failed attempt to hold gains from August's rally toward $1.70, with XRP now down 7% over the past week.

Ripple released 1 billion XRP from escrow on schedule and returned 700 million XRP back into escrow shortly after, a routine supply event that drew trader attention due to its timing.