Average Monthly Returns Says XRP Price Could Fly High In September

Historical data provides a bullish outlook for the XRP price this month, with the altcoin likely to record significant gains based on past performance. Specifically, the average monthly returns show that XRP could even record double-digit ￰0￱ Monthly Returns Point To Notable Gains For The XRP Price Cryptorank data shows that the XRP price has historically recorded an average monthly return of 13.8% in ￰1￱ suggests that the altcoin could again record positive returns this time around, especially as it looks to reclaim the psychological $3 level. Meanwhile, it is worth mentioning that the altcoin has closed the last three Septembers in the ￰2￱ Reading: Is XRP A Meme Coin?

Analyst Reveals How Whales Are Playing The Game In September 2022, the XRP price recorded a gain of 46.2%, its largest over the past 4 ￰3￱ also saw an increase of almost 8% in September ￰4￱ altcoin has so far recorded a gain of nearly 3% this month and looks on course to replicate its historical positive performance in September. Notably, there are bullish fundamentals that could spark a run for the XRP ￰5￱ includes the projected 25 basis points (bps) rate cut that the Fed is expected to make at the September 17 FOMC ￰6￱ is currently a 99.7% chance that the Fed will make this cut, according to CME FedWatch data. A Fed rate cut is bullish for altcoins, including XRP, as it could lead to increased risk-on sentiment among investors and cause more liquidity to flow into these assets.

Meanwhile, the XRP ETFs are expected to receive the SEC’s nod in October, and given the market’s forward-looking nature, the XRP price could rally in anticipation of this occurrence next ￰7￱ ETFs are expected to attract new capital into the altcoin’s ￰8￱ Eyes Rally To $3.40 In an X post, crypto analyst Egrag Crypto predicted that the XRP price could rally to around $3.40. He noted that with the altcoin currently trading at around $2.877, all eyes are on how it will perform around this ￰9￱ XRP closes above $3.077, the analyst stated that it could increase the chance of breaching the $3.40 ￰10￱ Reading: XRP Price Action Turns Bearish, Analyst Says Crash Below $1 Is Coming Interestingly, the analyst suggested that the XRP price could rally by over 200% and reach $6.12 if it successfully breaches the $3.40 ￰11￱ accompanying chart showed that XRP could claim this $6 range this month.

Meanwhile, in another X post, Egrag Crypto said that the range of $3.077 to $3.13 is a key area, as a strong close above it with high volume could pave the way for the next ￰12￱ the time of writing, the XRP price is trading at around $2.85, up in the last 24 hours, according to data from ￰13￱ image from Getty Images, chart from ￰14￱