The ‘Uptober’ Rally Begins Strong: Bitcoin Crosses $116k and XRP Breaks Out of Multi-Year Resistance

The term ‘Uptober’ in the crypto market was coined to describe Bitcoin’s historically strong performance in October. After Bitcoin (BTC) closed a monthly profit in September, this trend is already playing out on the first day of the month, with the BTC price rallying by more than 3.5% to begin Uptober strongly.

XRP is also a beneficiary of the Uptober trend, rallying back to the $3 range. The rally also solidifies XRP’s first quarterly close above critical resistance since 2017. With these bullish trends, how high can Bitcoin and XRP go in the fourth quarter? 

Bitcoin Begins Uptober With Rally Above $116K

After struggling with bearish pressure in the last two weeks of September, Bitcoin is already recreating the Uptober trend with a 3.5% price jump on the first day of the month. The rally has pushed the price of Bitcoin above $116,000 and opened the doors for more increases. 

The rally meant Bitcoin closed September with gains of 5.16%. This is only the fifth time that Bitcoin will close a green monthly candle for September, per data from CoinGlass. The only other times when Bitcoin closed a green monthly candle in September were in 2015, 2016, 2023, and 2024. 

The average that Bitcoin increased in years after it closed a September green monthly candle is 53%. If this trend repeats, then the Bitcoin price could close 2025 trading above $170,000. Timothy Peterson, the popular Bitcoin network economist, also adds that roughly 60% of Bitcoin’s annual performance tends to occur after October 3.

Peterson adds that the momentum of October often extends well into June. In this scenario, there is a 50% probability that the Bitcoin price could rally to a high of $200,000 by mid-2026.

XRP Breaks Out of Multi-Year Resistance: How High Can It Go?

Like Bitcoin, XRP has also started Uptober strongly, increasing by more than 3.1%. The XRP price now looks to attempt a retest of the $3 resistance, which it lost in the September market correction. 

The analyst, Mikybull Crypto, has pointed to an even more exciting trend for XRP holders. According to the analyst, XRP’s Q3 bullish performance inspired the first quarterly close above a resistance level for the first time since 2017. Historically, multi-year breakouts have led to rapid, parabolic gains.

With a clean breakout, Mikybull Crypto predicts that the XRP price has formed the same inverse head-and-shoulders formation as it did in 2017. With this setup that marks major trend reversals, the analyst has forecasted that the XRP price could rally to a new all-time high between $5 and $15.

In anticipation of this potential increase, whales are already loading their bags. According to a post by Ali_Charts, in the last three days, whales holding 10-100 million XRP tokens have added over 120 million XRP to their bags, valued at approximately $340 million.

Uptober Has Started Strong

Historically, October has been the best month for the crypto market, and cryptocurrencies are already reacting to this trend. While the trend may be fueled by statistical and psychological factors, the early price pump could suggest that Bitcoin and XRP could see huge rallies to new all-time highs this month.