XRP Enters Its ‘Most Loaded Month’ in History After 30% August Surge

Historically, August was one of the asset's worst-performing months to date. Yet, everything changed in the past 31 days. Ripple’s native token turned the tables in August, although the month saw a few dips to a multi-year low of just under $1.00. Now, though, the XRP Army has refocused on September, which is expected to be highly volatile. Some even called it XRP’s “most loaded month” in history. The August Gains Following a very modest gain of 2.11% in July, XRP went into August with little hope for a turnaround. After all, all four previous editions were in the red, with the asset dumping by as much as 26.6% in August 2023. The month indeed began on the wrong foot, as by the middle of it, XRP had slipped below the key psychological support of $1.00 on a few occasions. While some bears speculated about another potential leg down toward $0.80 or even lower, the trend changed in an instant. On August 19, the entire crypto market came to life, led by bitcoin’s massive surge from under $65,000 to $80,000 within less than 48 hours. XRP was a little late to the party, but once it joined, it couldn’t be contained. For 72 hours, that is. Perhaps due to returning ETF inflows or whales goi...