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 $3.02 24h volatility: 1.3% Market cap: $181.11 B Vol. 24h: $7.28 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… 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.
