The post Gains 3% as SBI Lending and ETF Catalyst Drive Flows appeared on BitcoinEthereumNews.com. 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 Background XRP 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. Meanwhile, Ripple CTO David Schwartz announced his departure after 13 years, and seven XRP ETF applications remain under SEC review, with the first decisions expected Oct. 18. Prediction markets now price approval odds above 99%, reinforcing speculative inflows. Price Action Summary XRP traded a $0.15 corridor (4.9% range) between $2.95 and $3.10. At 16:00, price spiked from $3.00 to $3.06 on 212.6M tokens — more than double the daily average. Resistance hardened at $3.10, where 129M in turnover capped upside. XRP consolidated between $3.00–$3.05, signaling accumulation above the $3.00 line. In the final hour, XRP dipped from $3.03 to $3.02 amid profit-taking, with a 2.35M spike at 03:55 showing institutional rebalancing. Technical Analysis Support is confirmed near $2.99–$3.00, with multiple defenses holding the level. Resistance remains defined at $3.10, where institutional sellers concentrated. The session carved a consolidation band above $3.00, suggesting professional accumulation. Volume-led breakout attempts validate institutional participation, though conviction remains tethered to a sustained close above $3.10 to unlock the next leg toward $3.20. What Traders Are Watching? Whether XRP can sustain closes above $3.00 and retest $3.10. Institutional positioning shifts ahead of Oct. 18 ETF deadlines. SBI’s lending flows and their impact on Asian liquidity trends. Broader CD20 index confirmation, as alt rotations track XRP’s strength. Source: https://www.coindesk.com/markets/2025/10/03/xrp-gains-3-as-sbi-lending-and-etf-catalyst-drive-flowsThe post Gains 3% as SBI Lending and ETF Catalyst Drive Flows appeared on BitcoinEthereumNews.com. 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 Background XRP 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. Meanwhile, Ripple CTO David Schwartz announced his departure after 13 years, and seven XRP ETF applications remain under SEC review, with the first decisions expected Oct. 18. Prediction markets now price approval odds above 99%, reinforcing speculative inflows. Price Action Summary XRP traded a $0.15 corridor (4.9% range) between $2.95 and $3.10. At 16:00, price spiked from $3.00 to $3.06 on 212.6M tokens — more than double the daily average. Resistance hardened at $3.10, where 129M in turnover capped upside. XRP consolidated between $3.00–$3.05, signaling accumulation above the $3.00 line. In the final hour, XRP dipped from $3.03 to $3.02 amid profit-taking, with a 2.35M spike at 03:55 showing institutional rebalancing. Technical Analysis Support is confirmed near $2.99–$3.00, with multiple defenses holding the level. Resistance remains defined at $3.10, where institutional sellers concentrated. The session carved a consolidation band above $3.00, suggesting professional accumulation. Volume-led breakout attempts validate institutional participation, though conviction remains tethered to a sustained close above $3.10 to unlock the next leg toward $3.20. What Traders Are Watching? Whether XRP can sustain closes above $3.00 and retest $3.10. Institutional positioning shifts ahead of Oct. 18 ETF deadlines. SBI’s lending flows and their impact on Asian liquidity trends. Broader CD20 index confirmation, as alt rotations track XRP’s strength. Source: https://www.coindesk.com/markets/2025/10/03/xrp-gains-3-as-sbi-lending-and-etf-catalyst-drive-flows

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more