XRP's price has surged beyond $3 in October 2025, fueled by rising institutional interest and a significant increase in derivatives trading volume, which reached $4.24 billion. The launch of the REX-Osprey XRP ETF has played a crucial role in altering market dynamics. Despite recent leadership changes at Ripple, including the departure of CTO David Schwartz, these were not directly linked to the price movement. Ripple CEO Brad Garlinghouse remains focused on regulatory and market ecosystem development. Analysts suggest that XRP's current rally resembles patterns seen in 2017 and 2020, with potential for further gains if favorable regulatory and market conditions persist.