XRP Gains 3% as SBI Lending and ETF Catalyst Drive Flows

6 hours ago

XRP extended gains supra $3.00 arsenic organization desks pressed bids into elevated volumes, confirming a short-term level adjacent $2.99. Japan’s SBI lending rollout and a pending U.S. ETF determination rhythm framed the move, with absorption capping astatine $3.10 aft dense prints.

News Background

XRP climbed 3% betwixt Oct. 2, 04:00 and Oct. 3, 03:00, rising from $2.98 to $3.03. The rally followed SBI Holdings’ enlargement of organization XRP lending services, signaling Japan’s deepening crypto push. Meanwhile, Ripple CTO David Schwartz announced his departure aft 13 years, and 7 XRP ETF applications stay nether SEC review, with the archetypal decisions expected Oct. 18. Prediction markets present terms support likelihood supra 99%, reinforcing speculative inflows.

Price Action Summary

XRP traded a $0.15 corridor (4.9% range) betwixt $2.95 and $3.10.
At 16:00, terms spiked from $3.00 to $3.06 connected 212.6M tokens — much than treble the regular average.
Resistance hardened astatine $3.10, wherever 129M successful turnover capped upside.
XRP consolidated betwixt $3.00–$3.05, signaling accumulation supra the $3.00 line.
In the last hour, XRP dipped from $3.03 to $3.02 amid profit-taking, with a 2.35M spike astatine 03:55 showing organization rebalancing.

Technical Analysis

Support is confirmed adjacent $2.99–$3.00, with aggregate defenses holding the level. Resistance remains defined astatine $3.10, wherever organization sellers concentrated. The league carved a consolidation set supra $3.00, suggesting nonrecreational accumulation. Volume-led breakout attempts validate organization participation, though condemnation remains tethered to a sustained adjacent supra $3.10 to unlock the adjacent limb toward $3.20.