XRP logged its first-ever quarter with July, August and September all closing in the green, after gaining 2%, 30% and 7.95%, respectively. The move lifted the token more than 43% in Q3, with institutional demand through U.S. spot XRP ETFs, a September short squeeze and exchange outflows helping drive the rally, according to BeInCrypto, based on CryptoRank data.

XRP now trades near $1.50, with a market cap around $95 billion. Analysts are watching October’s seasonal weakness, Ripple’s Swell conference in late October and a possible breakout above $1.54 or $1.70.