CandleFocus XRP's Fate in 'Uptober' Might Stun Crypto Market Bulls
2024-09-30
Author: Content Editor
In September, XRP had a bullish performance, defying the historical bearish trend for the month. It is up by more than 12% and the question now is whether it can repeat this performance in October. October is generally considered a positive month for cryptocurrencies, but historical data shows that XRP has closed the month in the red five times since 2013. If XRP can maintain its current momentum, it may breach the $0.70 price mark, but if it fails, its negative retracement could disappoint bulls. The ongoing evolution of the XRP Ledger ecosystem, particularly the testing of RLUSD stablecoin, may serve as a catalyst for XRP's growth. If Ripple launches the stablecoin in October, it could change the trajectory for XRP.
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