bullish

2024

<ul> 
 <li aria-level="1">XRP sees a mixed September start, trading at $0.5698 with a slight 24-hour increase but weekly decline.</li> 
 <li aria-level="1">Historical data shows XRP’s September volatility, with gains up to 94.4% in 2013 and sharp falls in 2017, 2021.</li> 
</ul> 
XRP presents a mixed performance early into September, currently trading at $0.5698. Despite a slight 24-hour increase of 0.92%, XRP remains down by 6.91% over the past week. This performance follows a broader pattern of fluctuation, with a monthly decrease of 2.88% according to data from ETHNews. 
<div class="cryptoboxes" id="mcw-12299" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="XRP" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
</div> 
Historically, September has been a month for XRP, marked by both substantial gains and notable declines. The most dramatic increase occurred in 2013, with a surge of 94.4%. Subsequent years such as 2016, 2018, and 2022 also saw appreciable rallies of 46.9%, 73.2%, and 46.2%, respectively. 
<figure id="attachment_90622" aria-describedby="caption-attachment-90622" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-90622" src="https://www.ethnews.com/wp-content/uploads/2024/09/ripple-xrp-cryptorank.webp" alt="ripple-xrp-cryptorank" width="1366" height="718">
 <figcaption id="caption-attachment-90622" class="wp-caption-text">
 Source: Cryptorank
 </figcaption>
</figure> 
However, XRP has also experienced sharp downturns, like the over 20% drops <a href="https://cryptorank.io/price/ripple/analytics">observed</a> in both 2017 and 2021. 
Despite these swings, the cumulative average growth rate for XRP in September stands at 13.7%. This historical trend suggests a potential rebound for XRP from its current downward trajectory, potentially achieving at least a 13% rise by the end of the month if past patterns hold. 
As in previous <a href="https://www.ethnews.com/ripples-125-million-fine-reduced-will-secs-appeal-change-everything-for-xrp/">reports in ETHNews</a>, the recent conclusion of a longstanding lawsuit, which resulted in a $125 million penalty for Ripple, has once again focused attention on the company’s future initiatives. 
These include plans to enhance the <a href="https://www.ethnews.com/rlusd-by-ripple-the-new-stability-in-crypto-will-it-outshine-usdt-and-usdc/">XRP Ledger</a> and expand its decentralized finance (DeFi) offerings linked to XRP. Such developments could invigorate the market’s reception of XRP, bolstering its demand and value. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> is the next <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>! 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f37f.png" alt="🍿" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/MGWpQwLcnd">pic.twitter.com/MGWpQwLcnd</a> 
 — JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1821962140682534998?ref_src=twsrc%5Etfw">August 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
ETHNews analysts are watching for signs that could indicate a shift towards a <a href="https://www.ethnews.com/how-ripples-125m-fine-could-set-a-new-precedent-for-crypto-companies/">bullish phase</a> for XRP. A critical indicator will be the cryptocurrency’s ability to establish sustained support around the $0.60 mark in the short term.&nbsp; 
<figure id="attachment_90626" aria-describedby="caption-attachment-90626" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-90626" src="https://www.ethnews.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-02_07-08-01.png" alt="XRPUSDT_2024-09-02_07-08-01" width="1384" height="857">
 <figcaption id="caption-attachment-90626" class="wp-caption-text">
 Source: Tradingview
 </figcaption>
</figure> 
This level of support could signal a stronger recovery and potentially higher gains as Ripple continues to expand its ecosystem and strategic initiatives. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We’re back for another episode of <a href="https://twitter.com/hashtag/CryptoInOneMinute?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoInOneMinute</a> with Ripple SVP, Stablecoins <a href="https://twitter.com/_JackMcDonald_?ref_src=twsrc%5Etfw">@_JackMcDonald_</a> discussing “What makes a stablecoin, stable?” Short answer – it’s all about the assets backing the stablecoin. Learn more: <a href="https://t.co/uMcoqVx86k">https://t.co/uMcoqVx86k</a> <a href="https://t.co/kOQuEwesOZ">pic.twitter.com/kOQuEwesOZ</a> 
 — Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1824535187050422463?ref_src=twsrc%5Etfw">August 16, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Investors and traders alike are keeping a close eye on Ripple’s strategies and the broader market to gauge whether XRP can leverage its historical September performance to overcome current market challenges. 
The post <a href="https://www.ethnews.com/could-this-be-the-month-xrp-investors-have-been-waiting-for-ripples-recent-moves-could-catapult-xrp-to-new-heights-this-september/">Could This Be the Month XRP Investors Have Been Waiting For? – Ripple’s Recent Moves Could Catapult XRP to New Heights This September!</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Could This Be the Month XRP Investors Have Been Waiting For? – Ripple’s Recent Moves Could Catapult XRP to New Heights This September!

ETHNews

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