XRP’s first three consecutive months of gains in the third quarter, with August turning into the main breakout phase.
XRP just finished an uncommon quarter.
CryptoRank data shows that XRP rose about 2.1% in July, about 30% in August, and another 7.95% in September.
All three months closed in the green. This is the first time in XRP’s recorded history that it has managed to post three straight monthly gains in the third quarter. The total gain for Q3 exceeded 43%.
In this round of market action, August contributed the most. XRP surged quickly from around $1 to above $1.5. In September, despite large volatility, it still managed to hold onto its gains by month-end. Currently, the price is around $1.53, with a market cap of about $96 billion.
Funding channels have also become more diverse than in the past. This year, in the U.S. market, XRP-related ETF products have gradually launched: the Grayscale XRP Trust ETF became effective in April; the REX-Osprey XRP ETF disclosed its prospectus at the end of June; and the Bitwise XRP ETF received notice of effectiveness on September 28.
On-chain holdings have also shifted. Data related to Glassnode shows that the XRP balance on exchanges fell from about 12.9 billion coins in April to around 11 billion in recent times. With fewer coins staying on exchanges, the reduced potential for spot selling pressure is generally a signal worth watching—though such data may also be influenced by changes in custody addresses.
For Q4, first look at October. In historical statistics, October has actually been a relatively weak month for XRP, with an average past return of about -4.71%.
After three straight months of gains, the next question is whether the price can hold around the $1.50 level.
#XRP三季度首现连续三月收涨
XRP just finished an uncommon quarter.
CryptoRank data shows that XRP rose about 2.1% in July, about 30% in August, and another 7.95% in September.
All three months closed in the green. This is the first time in XRP’s recorded history that it has managed to post three straight monthly gains in the third quarter. The total gain for Q3 exceeded 43%.
In this round of market action, August contributed the most. XRP surged quickly from around $1 to above $1.5. In September, despite large volatility, it still managed to hold onto its gains by month-end. Currently, the price is around $1.53, with a market cap of about $96 billion.
Funding channels have also become more diverse than in the past. This year, in the U.S. market, XRP-related ETF products have gradually launched: the Grayscale XRP Trust ETF became effective in April; the REX-Osprey XRP ETF disclosed its prospectus at the end of June; and the Bitwise XRP ETF received notice of effectiveness on September 28.
On-chain holdings have also shifted. Data related to Glassnode shows that the XRP balance on exchanges fell from about 12.9 billion coins in April to around 11 billion in recent times. With fewer coins staying on exchanges, the reduced potential for spot selling pressure is generally a signal worth watching—though such data may also be influenced by changes in custody addresses.
For Q4, first look at October. In historical statistics, October has actually been a relatively weak month for XRP, with an average past return of about -4.71%.
After three straight months of gains, the next question is whether the price can hold around the $1.50 level.
#XRP三季度首现连续三月收涨
