The price of XRP moved just above $3.00 on Sunday, October 5, holding steady around its recent five-day average. While it slightly underperformed Bitcoin and Ethereum (which both rallied over 3%), this divergence suggests XRP may be primed for a delayed surge as liquidity from Bitcoin’s record run spills into large-cap altcoins.
A major catalyst for the current rally is Ripple’s ongoing application for a U.S. Office of the Comptroller of the Currency (OCC) banking license. If approved, Ripple would gain federal-level banking credentials, allowing it direct access to U.S. financial infrastructure.
This license would enable the proposed "Ripple National Bank" to:
Speculation is high, with some social media users anticipating a positive market reaction around Christmas, suggesting the review process could take 5 to 6 months.
Despite subdued weekend spot trading volume, XRP futures traders are bullish. Data from CoinGlass shows that XRP's Open Interest surged 4% in 24 hours to $8.9 billion. This rise in leveraged positions, alongside speculation around the OCC license and potential altcoin ETF verdicts, could accelerate XRP’s price toward the $5 breakout range.
The daily XRP/USD chart shows positive technical signals:
A decisive close above $3.15 would confirm a breakout from its recent two-week consolidation channel, aiming for the $5.00 target, especially if positive news arrives regarding XRP or broader altcoin ETFs. However, failure to hold the $2.93 support could lead to a short-term correction toward $2.74.
October 2025, Cryptoniteuae