XRP Soars 70% in August, Can September Bring Even More Gains?

Ripple's XRP had an eventful August, to say the least. After a sluggish start, the bulls finally took hold and pushed the token up by over 70% in just three days between August 19 and 22, reaching a multi-month peak of $1.70. This surge came despite previous losses that had seen XRP dip below $1.00 on two occasions.

Historically, September has been kind to XRP, with four out of the past five Septembers seeing gains, including a notable 94.4% increase in 2013 and a 46.2% surge in 2022. In fact, whenever August was in the green, September followed suit 66.7% of the time.

The upcoming month could also be crucial for XRP as the US Senate revisits the CLARITY Act on September 15. A positive development on this bill could lead to another increase in the token's value.