XRP and BNB Price Action Fuels Crypto Market Optimism

Both XRP and BNB experienced significant price gains, fueling excitement in the crypto market. Ripple’s XRP continues to trade above $3, boosted by institutional lending services from SBI Holdings and anticipation surrounding potential US spot XRP ETF approval. Meanwhile, Binance Coin (BNB) surpassed the $1,100 mark, attracting further interest within its ecosystem. Trading volume surged during October 2-3, with institutional activity impacting price behavior. DOGE remains relatively stable in a range of $0.251-$0.264. Technical indicators suggest potential upside for XRP and BNB. For XRP, support is near the $2.99 – $3.00 mark while any break above the $3.10 level could push it towards $3.20. Meanwhile, BNB’s recent gains are driven by fee-focused projects like PancakeSwap, with some newly listed tokens experiencing double-digit growth. While DOGE showed signs of potential momentum in the lower end of its range, sustained price movements above $0.262 could trigger a breakout towards the $0.34 target.