XRP August Rally Fueled by Spot ETF Inflows Amid Seasonal Warning Signs
XRP surged 28.5% in August, marking its best performance for the month since 2021. The token's price gained momentum during the final two weeks of the month, with spot ETF inflows accelerating rapidly over that span.
The total inflow into XRP spot ETFs reached $153.55 million, with $150.28 million coming in during the last 14 days of August. This influx of capital is significant, but it remains relatively small compared to XRP's market valuation of $87 billion.
Institutional buying remained steady across nine consecutive positive sessions, but historical performance patterns suggest that September could reverse recent gains. In seven out of eight years, XRP's price movement in September ran opposite to its August performance.