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Key Notes
- XRP price rally comes with daily trading volumes shooting to $7.5 billion, showing bullish investor sentiment.
- Ripple partner SBI Holdings launched an institutional XRP lending program in Japan, aimed at large-scale payment applications.
- The strength in the broader crypto market could drive XRP higher during the ‘Uptober’ rally.
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XRP
XRP
$3.04
24h volatility:
1.9%
Market cap:
$181.81 B
Vol. 24h:
$7.23 B
price has regained strength, moving past $3.0 levels amid the broader crypto market rally. Technical charts show that the recent breakout by the Ripple cryptocurrency sets the stage for an even higher rally to $10. In the latest development, Ripple partner SBI Holdings expanded its institutional XRP lending services, highlighting Japan’s growing commitment to the crypto sector.
XRP Price Eyes Immediate Rally to $4.8
Crypto analyst Javon Marks highlighted that XRP is gaining momentum following a retest of a recent breakout. According to Marks, the cryptocurrency’s $4.804 target remains achievable. He also suggested that the XRP price may be in the early stages of a significant upward move.
$XRP surging off of smaller breakout retest and that $4.804 target is STILL IN PLAY!
Prices could be early in a major run to meet it… https://t.co/PF1duBVxGW pic.twitter.com/zTSMwQXaqZ
— JAVON⚡️MARKS (@JavonTM1) October 2, 2025
Other market analysts have been suggesting even higher price targets for the Ripple cryptocurrency. Cryptocurrency analyst EGRAG CRYPTO has published a multi-year technical analysis of XRP/USD showing a potential ascending channel pattern labeled “Chasm”. The chart shows that the XRP price can touch $10.30 by mid-2020s.
#XRP – The Chasm ($10.30) 🌌:
As of today, the price of touching The Chasm is $10.30 💰.
As time ⏳goes on, the price of the Chasm continues to rise.
ONLY FEW 🧠 AND PATIENCE🧘♂️TRULY GETS IT #XRPFamily STAY STEADY and STRONG 💪, Together We Rise 🌄 and Soon We Shall Fly… pic.twitter.com/rTA4YAkvta
— EGRAG CRYPTO (@egragcrypto) October 3, 2025
The $10.3000 target represents approximately a 240% gain from current levels. Sharing similar price targets, Crypto analyst Dark Defender published an Elliott Wave technical analysis of XRP/USD on the weekly timeframe.
XRP price shows three key Fibonacci Extension levels, such as the 23.60% extension at $2.2280, the 50% extension at $2.6460 ,and the 261% extension that features multiple levels such as $4.1711, $5.8563, and ultimately $10.4765.
We were Right on #XRP.
RSI Weekly break,
Weekly trend break 🔥Targets are Clear.
Nothing can stop what’s coming.
Watch the Magick #XRPArmy. pic.twitter.com/luYe2RLhgY
— Dark Defender (@DefendDark) October 2, 2025
October has started on a pretty strong note for the entire crypto market despite the US government shutdown. Amid the expectations of the Uptober rally, the ripple cryptocurrency could see strong gians.
Ripple Institutional Demand Rising
The recent XRP price rally came on the heels of an announcement from Japan’s SBI Holdings, which introduced a new institutional lending program for XRP. The initiative is designed to support large-scale payment applications, signaling increased adoption of the token in enterprise use cases.
Additionally, the demand of the Ripple cryptocurrency as a crypto treasury asset is also growing. Nasdaq-listed VivoPower International PLC announced it has raised $19 million through an equity offering. The company said that it will allocate the proceeds to further expand its XRP holdings.
The company issued new shares at $6.05 each, above its previous closing price. This follows an earlier Regulation S offering and marks further progress in VivoPower’s digital treasury strategy.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
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