XRP extended gains above $3.00 as institutional desks pressed bids into elevated volumes, confirming a short-term floor near $2.99. Japan’s SBI lending rollout and a pending U.S. ETF decision cycle framed the move, with resistance capping at $3.10 after heavy prints.
XRP climbed 3% between Oct. 2, 04:00 and Oct. 3, 03:00, rising from $2.98 to $3.03. The rally followed SBI Holdings’ expansion of institutional XRP lending services, signaling Japan’s deepening crypto push. Meanwhile, Ripple CTO David Schwartz announced his departure after 13 years, and seven XRP ETF applications remain under SEC review, with the first decisions expected Oct. 18. Prediction markets now price approval odds above 99%, reinforcing speculative inflows.
Support is confirmed near $2.99–$3.00, with multiple defenses holding the level. Resistance remains defined at $3.10, where institutional sellers concentrated. The session carved a consolidation band above $3.00, suggesting professional accumulation. Volume-led breakout attempts validate institutional participation, though conviction remains tethered to a sustained close above $3.10 to unlock the next leg toward $3.20.
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