Ripple’s native cryptocurrency, XRP, is hovering around the $0.55 mark on Wednesday. The leading altcoin performed well in the last 30 days as its prices surged by nearly 25%.
Investors hope XRP can continue its positive run and deliver similar gains in September. The optimism has driven its trading volume up this week, as it touched $1.2 billion in the last 24 hours.
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A leading on-chain metrics and price prediction firm has projected that Ripple’s XRP could continue its price run in September. The firm estimates that the leading altcoin could spike double-digits this month and deliver profits to traders. This article will explain how high XRP can trade in September according to the forecast.
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Ripple: XRP Forecasted to Generate Double-Digit Gains in September
The on-chain price prediction firm CoinCodex has painted a bullish picture for Ripple’s XRP. According to the forecast, XRP could reach a high of $0.64 by the end of the month.
That’s a double-digit gain of nearly 14% in the next three weeks. Therefore, if the forecast is accurate by September’s end, an investment of $1,000 could turn into $1,140.
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Taking an entry position today when Ripple’s XRP is down nearly 4% could be the right choice for profits. An upside swing in the charts in the next three weeks could turn investors’ portfolios green.
Even leading altcoin Solana is expected to deliver double-digit gains this month. Read here to know how high Solana could trade in the charts by the end of September.
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Nonetheless, the cryptocurrency market is extremely volatile and can bring losses quickly. It is advised to do thorough research before taking an entry position into Ripple’s XRP this month. The markets have been down since Tuesday, and if the downturn continues, it could erase all gains.