1. Trading Volume & Activity: XRP’s Average Daily Volume (ADV) was between $600M and $700M, outperforming other altcoins like Binance Coin and Cardano, though still below Bitcoin and Ethereum.
2. Price Movement:
• July: +30.57% (from $0.4768 to $0.6226)
• August: -9.06% (from $0.6223 to $0.5659)
• September: +8.12% (from $0.5659 to $0.6119)
• XRP gained around 27% against Bitcoin in Q3, with the strongest growth in July.
3. Market Trends: Bitcoin’s dominance rose by 4.4%, slightly impacting altcoins. Binance’s share of XRP trading declined, while Crypto.com gained ~6%.
Should You Accumulate XRP?
Given XRP’s steady demand, recovery in September, and increased fiat trading pairs, accumulating during consolidations could be beneficial. It’s a favorable option for long-term investors looking to add a strong-performing altcoin to their portfolio, especially with potential for regulatory clarity ahead. DYOR
