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XRP price surged 5.2% in a 24-hour period ending October 2, 2025. The token climbed from $2.84 to $2.97 as traders responded to news from Japan.
The rally began after SBI unveiled an institutional lending program. The Japanese financial institution designed the program for large-scale payment applications using XRP. Trading volume exceeded 160 million tokens during the move.
🚨 BREAKING 💥
SBI CEO Yoshitaka Kitao just declared:
“$XRP is the greatest wealth transfer of our generation.” 💸
They know. They’ve always known.
And now the world is about to find out. 🔥 pic.twitter.com/S18mJZk9ta
— Ripple Track (@RippleTrack) October 1, 2025
Volume figures represented more than double the typical daily average. The breakout started at 08:00 on October 1. XRP moved from $2.86 to $2.92 on volume of 164.5 million tokens.
The token traded between $2.82 and $2.98 throughout the period. This $0.16 range reflected 5.6% volatility. Buyers defended the $2.93 level multiple times during consolidation.
Seven spot XRP ETF applications currently sit before the SEC. The decision window opens on October 18, 2025. Market participants are positioning ahead of the regulatory deadline.
Traders are watching for approval signals that could impact price direction. The $3.00 level remains a key psychological barrier. A break above could trigger additional buying pressure.
Support established at $2.93 after repeated defenses. Resistance formed between $2.96 and $2.98. XRP touched $2.98 before sellers capped the advance.
The hourly chart displayed an ascending structure with higher lows. A 4.8 million token volume spike occurred during late-session trading. This activity signals institutional demand.
Analyst Ali Martinez identifies $2.94 as a critical breakout level. His analysis suggests a move through this resistance could push XRP to $3.00-$3.15. Martinez also warns of potential bearish divergence on weekly timeframes.
Support held! $XRP could now bounce toward $3.00–$3.15. https://t.co/cKTnE7pFc8 pic.twitter.com/c40wrmwroZ
— Ali (@ali_charts) October 1, 2025
The Awesome Oscillator reads -0.0625, indicating weak bearish momentum. Bars are shifting from red to green, suggesting declining selling pressure. A short-term reversal could be developing.
XRP holds a market cap near $175.8 billion. The 24-hour trading volume reached approximately $6.58 billion. The token ranks among the top cryptocurrencies by market capitalization.
Changelly projects an average XRP price of $3.19 for October 2025. Their forecast shows the token gained 3.02% during September. This added roughly $0.09 to the value.
Asian liquidity flows from SBI’s lending program may sustain demand. Traders are monitoring whether buying continues into U.S. trading sessions. Peer tokens in the CD20 index rallied 4-5% with elevated volume.
Current support sits at $2.84. A break below could lead to tests of $2.80. The next resistance level above current prices remains at $2.98.
Bulls need a decisive close above $2.98 to confirm momentum toward $3.00. Volume confirmation will be critical for any sustained breakout attempt. The ascending structure on lower timeframes suggests buying interest remains intact.
At press time, XRP trades at $2.94, up 4.1% over 24 hours. The token continues testing resistance near the $2.89-$2.93 range. Market participants await clarity from the October 18 ETF decision window.
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