Reservoir computing (RC) is an emerging recurrent neural network architecture that has attracted growing attention for its low training cost and modest hardware requirements. Memristor-based circuits are particularly promising for RC, as their intrinsic dynamics can reduce network size and parameter overhead in tasks such as time-series prediction and image recognition. Although RC has been demonstrated with several memristive devices, a comprehensive evaluation of device-level requirements remains limited. In this paper, we analyze and explain the operation of a parallel delayed feedback network (PDFN) RC architecture with volatile memristors, focusing on how device characteristics -- such as decay rate, quantization, and variability -- affect reservoir performance. We further discuss strategies to improve data representation in the reservoir using preprocessing methods and suggest potential improvements. The proposed approach achieves 95.89% classification accuracy on MNIST, comparable with the best reported memristor-based RC implementations. Furthermore, the method maintains high robustness under 20% device variability, achieving an accuracy of up to 94.2%. These results demonstrate that volatile memristors can support reliable spatio-temporal information processing and reinforce their potential as key building blocks for compact, high-speed, and energy-efficient neuromorphic computing systems.