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XRP bulls on the upswing: Does the course soon increase over $ 3?
XRP experiences a course upswing on October 2, 2025, while optimism drives the long positions in the market and a $ 3.00 breakout phase is approaching.
XRP bulls on the upswing: Does the course soon increase over $ 3?
In the dynamic world of cryptocurrencies, Ripple’s XRP is currently showing a remarkable upward dynamics. Loud Fxstreet Observe the XRP bulls a positive market mood, which is supported by increasing interest by private investors. This development has led to a significant increase in long positions, while XRP is approaching the important brand of $ 3.00.
XRP is currently being traded over $ 2.93 and thus shows an optimistic market development at the beginning of October. This positive mood in the crypto market could act as a catalyst for the upcoming price target. A decisive factor is the increase in open interest positions that rose up to a value of 0.0099 % - a clear plus compared to 0.0011 % on Friday before. This indicates an aggressive participation in the market that could continue to attract in the coming weeks.
Positive market indicators
The stabilization of the XRP stock exchange reserves after an increase in September shows a growing trust of investors. At the moment, the reserve is around 3.57 billion XRP on the Binance exchange, stable since an increase of 2.92 billion XRP at the end of August. These stable values indicate that investors may be less susceptible to volatility.
With a relative strength index (RSI) of 62, XRP is in the buying pressure and has moved out of oversized areas. In addition, the Moving Average Convergence Divergence (MACD) gave a purchase signal on the daily chart, which speaks for further positive price movements. Traders look exactly at crucial technical resistances, in particular the resistance zone at $ 3.18, which was last tested in mid-September.
Conclusion and outlook
Overall, XRP could work towards a breakthrough over the $ 3.00 mark in the near future. The current market data and the increasing interest indicate that bull momentum could continue to gain drive. The crypto market is pleasantly stable at the beginning of October, which offers a good starting point for new investments in XRP. Fxstreet If the developments will continue to be observed closely to inform investors about changes in the market.