Altcoins News
By Dan Saada
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August's Ugly Track Record for XRP. The numbers aren't pretty. The average monthly return for August sits at just +0.
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A Price Floor Takes Shape Around $1.05. Traders watching the charts seem to have identified a floor somewhere between $1.0480 and $1.0600.
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What Traders Are Watching Now. The immediate liquidity concern looks addressed. The bigger question is momentum. Can +1.
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Ripple moved fast. On August 1, the company pushed 700 million XRP back into escrow before the usual monthly release cycle could flood the market — a preemptive strike against…
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The mechanics are worth unpacking. Ripple's standard practice is to release one billion XRP at the start of each month.
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The numbers aren't pretty. The average monthly return for August sits at just +0.54%, but that average is basically a lie — the median return is -6.
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So Ripple's early escrow move landed at exactly the right moment. Whether that was the explicit goal or just smart supply management, it's hard to say.
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What the market did next is clearer. After the escrow maneuver on August 1, XRP/USD found support at $1.0480 and then rallied. The token consolidated around $1.
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Related: Bitcoin ETFs Pull $172.4 Million in July but Face $5.3 Billion Year-to-Date Hole
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Big holders noticed. The kind of large XRP positions that would normally brace for August selling pressure now have a bit more reason to sit tight. Not a guarantee, obviously.
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It's worth being honest about what we don't know yet. The month isn't over. Broader crypto market conditions — Bitcoin price swings, macro rate news, regulatory headlines — can…
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And there's a precedent question sitting underneath all of this. Ripple has now shown it's willing to deviate from the standard billion-XRP monthly release when conditions call…
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The immediate liquidity concern looks addressed. The bigger question is momentum. Can +1.93% early-month performance hold through the rest of August, or does the token eventually…
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For now, XRP is sitting above $1.0480 support, running a positive monthly return, and doing something it basically hasn't done in recent memory — defying August.
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Related: South Korean Police Bust $9M XRP Fraud Ring, Freeze 17.3 Billion Won in Assets
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