XRP Rises for First Straight Three-Month Quarter, Gains More Than 43% in Q3

XRP logged monthly gains throughout an entire quarter for the first time on record. The token rose more than 43% in the third quarter alone, drawing attention to whether it can extend that momentum into the fourth quarter.

Crypto data platform CryptoRank said on October 2 that XRP rose 2% in July, 30% in August and 7.95% in September. With positive returns in all three months, its cumulative gain for the third quarter exceeded 43%.

This marks the first time XRP has ended all three months of a quarter higher. It has recorded gains for a full quarter before, but those periods still included at least one down month.

From a supply perspective, the decline in XRP held on exchanges stands out. Exchange holdings fell from about 12.9 billion XRP in April to roughly 11 billion XRP recently. A drop in exchange balances is typically interpreted as a sign that the supply available for immediate selling is shrinking.

Seasonally, however, October has been a weak month for XRP. Based on CryptoRank data, XRP's average October return is about negative 4.71%. It also ended October lower in both 2024 and 2025.

By contrast, the average return for the fourth quarter as a whole is about 13.3%. Because XRP has tended to perform relatively strongly in November and December, the key question is whether its third-quarter advance can continue through year-end.

XRP's price will likely be influenced by changes in exchange balances, demand from institutional investors, fund flows into spot XRP exchange-traded funds and Federal Reserve monetary policy.