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Average Monthly Returns Says XRP Price Could Fly High In September
Historical data suggests a strong bullish outlook for XRP's price this month, with the potential for significant gains. On average, XRP has seen a 13.8% monthly return in September, indicating a positive trend. The altcoin has closed the last three Septembers in the green, with a notable 46.2% gain in September 2022. Currently, XRP has already seen a nearly 3% gain this month, aligning with its historical performance. A projected 25 basis point Fed rate cut on September 17th is considered bullish for altcoins like XRP. This rate cut could increase investor risk-on sentiment and boost liquidity in the market. Furthermore, the expected approval of XRP ETFs by the SEC in October could drive anticipation and a price rally. Crypto analyst Egrag Crypto predicts XRP could reach $3.40 if it closes above $3.077. A breach of the $3.40 level could even lead to a massive 200% rally, potentially reaching $6.12 this month. A key area to watch is between $3.077 and $3.13, with a strong close above this range potentially signaling the next upward move.
