XRP Rally Fueled by SBI Lending Program and ETF Anticipation
XRP has demonstrated remarkable bullish momentum, surging 5.2% within a 24-hour period from October 1st to October 2nd, climbing from $2.84 to $2.97. This impressive rally was primarily driven by two significant catalysts that have captured market attention. The announcement from Japan's SBI Group regarding their institutional lending initiative for XRP has generated substantial institutional interest, resulting in trading volumes exceeding 160 million units. This institutional participation has provided strong support at the $2.93 level, with buyers successfully defending this price point multiple times during market consolidation phases. The technical breakout through key resistance levels indicates strong underlying demand, with market participants positioning themselves ahead of the crucial October 18th ETF decision deadline. This regulatory milestone represents a potential watershed moment for XRP, as approval could unlock substantial new capital inflows from traditional financial markets. The current price action suggests traders are increasingly optimistic about the ETF's prospects, with the next major resistance test expected around the psychologically important $3.00 level. Market analysts note that the combination of institutional adoption through SBI's lending program and the potential ETF approval creates a powerful fundamental backdrop for continued upward movement. The sustained volume above 160 million demonstrates genuine market interest rather than speculative froth, while the repeated defense of the $2.93 support level indicates strong conviction among larger holders. As we approach the October 18th decision date, all eyes remain on regulatory developments and whether XRP can maintain its momentum to breach the $3.00 barrier, which WOULD likely trigger additional buying from technical traders and potentially open the path toward higher price targets.
XRP Jumps 5% as SBI Lending Program and ETF Countdown Fuel Rally
XRP surged to fresh highs after Japan’s SBI unveiled an institutional lending initiative, igniting volumes above 160M and lifting price through key resistance. Buyers defended $2.93 multiple times as flows consolidated, with the October 18 ETF decision window now framing the next breakout test toward $3.00.
XRP climbed 5.2% over the 24-hour window from Oct. 1, 03:00 to Oct. 2, 02:00, advancing from $2.84 to $2.97. The move followed SBI’s launch of an XRP lending program for institutional payments, highlighting Japan’s push into large-scale adoption. The rally also comes as Ripple CTO David Schwartz transitions to an emeritus role and with seven spot ETF filings pending SEC decisions starting Oct. 18.
The token traded a $0.16 band (5.6% volatility) between $2.82 and $2.98. The breakout accelerated at 08:00 Oct. 1, as XRP ripped from $2.86 to $2.92 on 164.5M tokens — more than double the daily average. Subsequent consolidation held $2.93 support through multiple retests, while resistance firmed at $2.96–$2.98. In the final hour, XRP extended 0.28% from $2.96 to $2.97, hitting $2.98 before sellers capped the advance.
Support has shifted higher to $2.93 after repeated defenses, while resistance remains entrenched at $2.96–$2.98. The breakout was validated by volume spikes — including a 4.8M burst during the late-session rally — signaling institutional interest.
XRP Price Surges Past $3 as Analysts Eye $5 Target
XRP has broken through the $3 barrier, climbing over 3% in the past 24 hours. The rally follows weeks of sustained accumulation by large investors, with whales snapping up 250 million tokens in just 48 hours. Market data reveals $2.80 as a strong support level, preventing deeper corrections.
Institutional interest appears to be driving the momentum. The current setup mirrors XRP's 2017 bull run, where skepticism gave way to parabolic gains. Technical patterns suggest a potential breakout above $3.40 resistance could pave the way for $5 valuations.
XRP Price Prediction: XRP Surges on Whale Accumulation and Breaks Symmetrical Triangle—Could $4.40 Be Next Target?
XRP has surged 5.5% in the past 48 hours as whales accumulated 250 million tokens, signaling renewed institutional interest. On-chain data reveals purchases worth approximately $740 million, with Japan’s SBI Holdings and VivoPower contributing to the momentum. Speculation around potential XRP ETF approvals by year-end is growing.
Technically, XRP has broken out from a symmetrical triangle pattern, a bullish signal. Analysts suggest this could pave the way for further upside, with $4.40 as a potential target if key support levels hold. The combination of whale activity and technical breakout has reignited market optimism.
Ripple's Leadership Shake-Up Puts XRP's Price Recovery in the Spotlight
Ripple's Chief Technology Officer David Schwartz resigned on October 1st after nearly a decade at the company, casting uncertainty over XRP's recent price rebound. The cryptocurrency had gained 30% in recent months amid optimism about a resolution to Ripple's legal battle with the SEC.
Schwartz's departure marks a pivotal moment for Ripple as it expands its global payment solutions. His technological leadership was instrumental in establishing Ripple as a major player in blockchain-based cross-border payments. The market initially reacted with a slight dip in XRP's price before stabilization.
The SEC lawsuit continues to loom over Ripple, with the regulator alleging an unregistered securities offering. Despite this, XRP has demonstrated notable resilience in the face of regulatory challenges. Investors now watch whether the leadership transition will affect Ripple's innovation pipeline and market position.
VivoPower Strengthens XRP Future with $19 Million Strategic Raise
VivoPower International PLC has secured $19 million through an equity raise, pricing shares at $6.05 each—a premium to its last closing price. The capital will bolster its XRP-focused digital treasury strategy while reducing debt, signaling institutional confidence in the company's pivot toward crypto assets.
Long-term investors from global markets participated in the offering, underscoring growing institutional interest in digital asset adoption. The fundraising follows a separate Regulation S offering led by Saudi royalty, highlighting diverse backing for VivoPower's strategic direction.
XRP Gains Momentum On Technical And Regulatory Signals
Ripple's XRP has surged past critical technical levels, sparking speculation of an impending bullish rally. The cryptocurrency breached the $2.80 resistance zone, where 4.3 billion XRP tokens were previously accumulated, signaling strong investor interest.
Technical analysts identify $4.20 as the next potential target, with October emerging as a pivotal month. The SEC's impending decision on spot XRP ETF applications, including Grayscale's proposal, adds regulatory significance to this price movement.
Market observers note the timing coincides with leadership changes at Ripple, as CTO David Schwartz departs. The combination of technical breakout and regulatory catalysts positions XRP as a potential market mover in the coming weeks.
