XRP Exits Bear Phase as Analysts Predict Major Gains in September
XRP's August surge has set the stage for what is expected to be its 'most loaded month' in history. The token skyrocketed by 30% from a multi-year low of $1.00, and some analysts believe it has exited its bear phase.
August started on the wrong foot, with XRP slipping below the key psychological support of $1.00. However, after the entire crypto market came to life, led by Bitcoin's massive surge from under $65,000 to $80,000 within less than 48 hours, XRP joined in and couldn't be contained.
XRP skyrocketed by 70% from Wednesday to Saturday, touching a multi-month high of $1.70 before being halted and retracing in the following weeks. The month ended at just under $1.40, still a significant gain considering its worst-performing month in history.