XRP Scales New Heights as August Inflows Reach Record Levels

XRP's August performance was its best month since 2021, with the token rising from near $1 to almost $1.70.

The influx of US spot XRP ETFs took in $153.55 million for the full month, mostly in the back half of August, with a total of $110.49 million coming in during the week ending August 28 alone.

Crypto chart analyst Ali Martinez predicts that XRP will continue to rise, setting a next target of $1.70 for the token, with a first hurdle at $1.50 and potential targets of $2.09 and $2.35 if it breaks through.

However, history suggests that September may bring a reversal in fortunes, as XRP's September result has moved opposite its August result in seven of the last eight years.