Ripple’s XRP token seems to be following the market-wide resurgence. According to CoinGecko, XRP has rallied 2.9% in the last 24 hours, 3.5% in the last week, 9.9% in the 14-day charts, 3.4% over the previous month. In this price prediction article, let’s discuss if XRP can hit a new all-time high in September.
Will XRP Hit An All-Time High This Month?
The latest crypto market rally may be due to the Federal Reserve rolling its its first interstate rate cut for 2025. The Fed announced a 25 basis point interest rate dip after its Federal Open Market Committee (FOMC) meeting. Binance’s BNB coin climbed to a new all-time high of $1002 earlier today amid a market-wide rebound. XRP could follow Binance’s BNB coin if market conditions remain bullish.
According to CoinCodex analysts, XRP will continue its rally over the coming months. The asset may face some price oscillations, but the platform anticipates the asset to reclaim its all-time high of $3.65 on Dec. 6. Hitting $3.65 from current price levels will lead to a rally of about 17.36%.
While CoinCodex predicts XRP to face a slight correction after reclaiming its all-time high price level, hitting $3.65 once again could trigger another bullish outbreak for the coin. Such a development could send XRP’s price to beyond the $4 mark.
Also Read: 2000 XRP Enough to Reach $100K by 2026, Analysts Predict
XRP price could gain further momentum if the SEC approves a spot ETF for the asset. There are several XRP ETF applications awaiting approval at the SEC. There is a high chance that the financial watchdog will approve at least one XRP ETF sometime this year. ETF inflows have played a vital role in Bitcoin (BTC) and Ethereum’s (ETH) climb to new all-time highs. A similar pattern could emerge for XRP as well.
