XRP Signals Rise in September

September is typically associated with weak performance in the cryptocurrency market, but XRP presents a different scenario. According to data from technical analyst Xaif Crypto, XRP has closed the first month of autumn in the positive five times since 2018, while finishing in the red three times. During this period, the average return was 12.19%. XRP is reacting from a support level of $1.35, while Bitcoin is holding at $77,600. The news flow at the end of August is also seen as favorable for XRP; weekly net inflows into spot XRP ETFs reached a record $110.49 million, bringing the total assets under management to $1.44 billion. Goldman Sachs confirmed it holds over $86 million in XRP ETF positions in its 13F filing. The upcoming vote on the CLARITY Act in the Senate on September 15 is viewed as significant for clarifying XRP's status as a digital commodity. Institutional fund inflows and the regulatory timeline increase the likelihood of XRP testing its historical average performance of 12.19% in September again.

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