Crypto
XRP on Thin Ice: Will Three-Month Rally End with a Crash?
XRP has been on a three-month winning streak, gaining 2.10% in July and 29.94% in August.
Historical data suggests that XRP has previously declined after recording three consecutive monthly gains.
In four earlier periods of three consecutive green monthly candles, the following month ended lower, with declines ranging from 18% to 40%. The current setup is different, however, as XRP's gains in July and August have been more moderate compared to previous rallies.
ETF inflows remain a key factor, with nearly $100 million in inflows over the past two weeks, indicating ongoing demand for XRP investment products. Whale accumulation has also increased, with large holders accumulating nearly 500 million XRP over five days around September 24.