Hello @RaspyOstrich98, the rubberbanding issue was introduced in the last patch and will be addressed in an upcoming hotfix, which should be released within the next week, apologies for the inconvenience caused.
A few workarounds have been shared to free the character from the initial rubberbanding, such as rolling and opening your inventory:
Regarding other connectivity issues, could you confirm that your console is on a wired connection?