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XRP Gains 3% as SBI Lending and ETF Catalyst Drive Flows
['Shaurya-Malwa']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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.
News BackgroundXRP 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.
Resistance remains defined at $3.10, where institutional sellers concentrated.