XRP rose 37% in August, marking its strongest monthly performance since the settlement with the U.S. Securities and Exchange Commission, according to Techub News, citing Crypto.news. The report said the move was driven mainly by record ETF inflows, which have become the market’s main pricing factor for now.
Techub added that current price action reflects momentum from those inflows rather than the impact of an upcoming mainnet upgrade scheduled for Sept. 11. The upgrade is expected to strengthen Vaults, automated market maker (AMM) functions, and lending protocols to support institutional use.
In other words, the report says ETF-driven demand has taken center stage, while the technical upgrade has not yet been fully priced in by the market. No additional price targets or volume figures were disclosed in the source material.
XRP gained 37% in August, its best monthly performance since the settlement with the U.S. Securities and Exchange Commission, according to Techub News.
Citing Crypto.news, the report said the rally was driven mainly by record ETF inflows. At this stage, the market is reflecting momentum from those inflows, while the upcoming mainnet upgrade has not yet been priced in.
The mainnet upgrade is scheduled to go live on Sept. 11. According to the report, it will strengthen Vaults, automated market maker (AMM) functions, and lending protocols to support institutional use.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
