XRP rose for three consecutive months in the third quarter, gaining more than 43% and completing its first quarter in which every month ended higher. CryptoRank reported monthly advances of 2% in July, 30% in August and 7.95% in September. XRP exchange holdings fell from about 12.9 billion tokens in April to roughly 11 billion recently, a decline commonly viewed as reducing immediately available selling supply. Seasonal trends are mixed: XRP's average October return is negative 4.71%, and it fell in October 2024 and 2025, while its average fourth-quarter return is 13.3%. Future spot XRP ETFs (funds designed to hold XRP directly), institutional demand, exchange balances and Federal Reserve monetary policy are identified as key influences on the token's performance through year-end.