XRP Surges by 70% in August, September Outlook Looks Bullish

Ripple's XRP had a wild ride in August, defying expectations and surging by over 70% within just three days to reach a multi-month high of $1.70.

This price increase was fueled by the overall market resurgence, return of ETF inflows, and reaccumulating whales, which helped the token bounce back from its dip below $1.00 on multiple occasions.

Looking ahead to September, historical data suggests that XRP may continue to perform well, with past Septembers showing significant gains for the asset.

According to analyst EGRAG CRYPTO, even-year Septembers have been particularly bullish for XRP, with a 66.7% success rate in terms of following an August gain with a September one.