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Bitcoin Rally Fuels Surge Past $3 as Traders Target $4

souhaib by souhaib
October 5, 2025
in Trending
Reading Time: 1 min read
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Bitcoin Rally Fuels Surge Past  as Traders Target



XRP reclaimed the key $3.00 level during early Asian trading on Sunday, reversing a downturn on Saturday that briefly pushed the token to lows near $2.95. The rebound followed a high-volume sell-off that liquidated leveraged trading positions, attracting significant buying from large-scale investors and bargain hunters.

The price volatility comes as traders monitor several key market drivers. Seven pending applications for an XRP exchange-traded fund (ETF) have October decision windows, which are widely considered pivotal events for the fourth quarter. In Asia, sentiment was bolstered last week after Ripple’s Japanese partner, SBI, expanded its XRP-linked lending program, reinforcing narratives of institutional integration. Despite broader market instability that led to $1.7 billion in recent crypto derivatives liquidations, on-chain data shows a net inflow of over 160 million tokens into XRP wallets this past week.

From a technical standpoint, XRP has established a new support base between $2.95 and $3.00, an area defended by strong accumulation. The next significant hurdle for the asset is the resistance zone between $3.10 and $3.30. Analysts note that a decisive breakout above this range could confirm a bullish chart pattern, with price projections targeting the $4.00 to $4.20 area. Momentum indicators like the RSI and MACD currently suggest a neutral-to-bullish bias.

Looking ahead, market participants are watching to see if XRP can sustain its position above $3.00 to build a foundation for a move toward $3.30. Key factors influencing future price action include the U.S. Securities and Exchange Commission’s upcoming ETF decisions, whale wallet activity, and macroeconomic conditions shaping overall risk appetite.



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