Ripple’s native token just finished September well in the green, extending its streak that began with an uptick in July. All eyes are now on October on several fronts. The question is: Can XRP continue its operation, or will the last two October editions wreak havoc?
XRP went hard in September
Recall that August was the cross-border token’s most successful month in over a year, when it soared 30% from start to finish. Additionally, it fell to just under $1.00 in the middle of the month, making its close even more impressive. XRP entered September on a high note, not only due to the spectacular August, but also because it had closed the previous four Septembers in the green.
The ninth month of the year has indeed been positive on several fronts. First, the price rose just under 10% and XRP ended it above $1.50. It tried several times to break down the $1.60 resistance, but to no avail. Additionally, spot ETFs that track its performance have scored major gains.
Only three days were slightly in the red: September 2, 17 and 18. But on a broader scale, funds have not experienced a single red week since the beginning of July. Data from SoSoValue shows that ETFs closed September in the green, adding more than $120 million. Additionally, cumulative net inflows reached a new all-time high of nearly $1.8 billion.
What does October have in store for us?
October, as a month, holds special significance in the hearts of the cryptocurrency community. Significant progress over the years has earned it the well-deserved nickname “Uptober.” However, there have been major exceptions over the years at the broader market level, while Ripple’s XRP has not always benefited during the month.
For example, the last two editions saw double-digit losses for the cross-border altcoin. It plunged 16.7% in 2024 and experienced an incredible correction, like the rest of the market, last year, after the famous massacre of October 10.
CryptoRank data shows that only five months out of the last October 13 have been in the green for XRP. The last one was in 2023, when the asset jumped an impressive 16.5%. As such, XRP enters the new month at a crossroads, given its remarkable three-month green streak but also its controversial history in October.
The XRP post in October: will Ripple’s streak continue after 3 consecutive green months? appeared first on CryptoPotato.
About the Author
