XRP bucks September downturn, technicals and ETF inflows point to 12% rally

September is usually known for weak performance in the cryptocurrency market, but XRP is showing signs of resilience that defy this seasonal pattern. While many investors are cautious in anticipation of a traditional September pullback, recent technical and market data indicate that XRP could outperform this month.

XRP’s historical performance stands out

Technical analyst Xaif Crypto highlighted that since 2018, XRP has delivered a positive monthly close in September five times, compared to just three negative months. During these periods, the average return for XRP reached 12.19% despite broader market hesitancy.

This recent trend sets XRP apart from Bitcoin, which typically faces downward corrections heading into September. As August ended, XRP, Stellar (XLM), and Bitcoin each formed identical weekly technical formations, an unusual synchronization that analysts describe as rare for the market.

All three cryptocurrencies rebounded from their local lows and are now testing important price levels for continued recovery. Currently, the key support for XRP is $1.35, while Bitcoin is consolidating at $77,600.

Technical analysts view the synchronized patterns among these top cryptocurrencies at the start of a new month as a signal that significant capital may be positioning for a strong upward move. The alignment, just ahead of September, carries weight given the market’s cautious mood.