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Crypto

XRP Poised to Defy Seasonal Downturn with 12.19% September Gain

Guavy AI Editorial Team
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BTC XRP XLM
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XRP is poised to defy the seasonal crypto market downturn in September, according to historical data. Since 2018, XRP has averaged a 12.19% gain in September, outperforming Bitcoin's typical correction.

This bullish outlook is supported by synchronized weekly chart patterns with Bitcoin and XLM, record inflows into XRP ETFs totaling $110.49 million, and a crucial US Senate vote on the CLARITY Act set for September 15, which could clarify XRP's regulatory status.

Additionally, the scheduled release of 1 billion XRP tokens on September 1 is unlikely to pressure the market due to historical escrow returns.

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