XRP surged 30% in August, peaking at $1.70 before settling just under $1.40 at month-end. The token briefly dropped below the $1 psychological level mid-month before skyrocketing 70% in 72 hours driven by broader crypto market momentum. September is shaping up to be pivotal with the US Senate’s CLARITY Act vote on September 15, the FOMC meeting, and Evernorth shareholders deciding on listing their XRP treasury company on Nasdaq, which holds nearly 475 million tokens. Some analysts believe XRP has exited its bear phase and is well-positioned for major gains.
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