XRP Shatters 5-Year August Record with 40% Surge

XRP has shattered its 5-year August record, climbing by around 40% to approach the $1.48 mark.

According to CryptoRank, this month is now officially the most profitable August for XRP in the past five years, completely reversing a severe spring-summer decline.

The Bollinger Bands charts on TradingView indicate that the next major opportunity for a long-term entry into the asset could emerge if the price returns to the key technical level of $1.14.

This level acted as strong resistance for several months, preventing XRP from moving higher while the price hovered around $1.00 throughout the summer.