XRP Price Expected to Achieve Significant Gains This September
Historical data indicates a bullish trend for XRP this month, with potential for double-digit gains. Key points include:
- The average monthly return for XRP in September is 13.8%, with the altcoin closing the last three Septembers positively.
- In September 2022, XRP recorded a gain of 46.2%, and an increase of nearly 8% was noted in September 2023.
- XRP has gained approximately 3% so far this month.
- A projected 25 basis points rate cut by the Fed could boost investor sentiment, leading to increased liquidity for altcoins like XRP.
- XRP ETFs are anticipated to get SEC approval in October, likely attracting new capital.
Crypto analyst Egrag Crypto forecasts that XRP could rally to $3.40 from its current trading price of around $2.877. A close above $3.077 may enhance the likelihood of reaching this target. Additionally, breaching the $3.40 mark could see XRP rise over 200% to about $6.12.
As of now, XRP is trading at approximately $2.85, showing an uptick in the last 24 hours.
