XRP Surpasses $3, Promising 40% Price Gain: What’s Driving the Rise?

XRP has surged past $3 in October, marking a significant milestone driven by increased institutional interest and speculation. The surge is reflected in derivatives volume reaching $4.24 billion, highlighting growing market activity. 2017 and 2020 witnessed similar surges in XRP prices, which could offer insights into its future trajectory. While Ethereum’s performance suggests competition, the potential for regulatory changes and institutional interest remain crucial drivers for further gains.