U.Today Analysis: XRP surged 48.1% in Q3 for its best performance in four years, but historical data shows an average October return of -5.14%, potentially hindering further gains.
U.Today analysis indicates that XRP surged 48.1% in Q3, closing at $1.54, marking its best Q3 performance since 2022. However, historical data shows that October is typically XRP's worst-performing month, with an average return of -5.14% and a median of -2.97%. The article suggests that despite the strong Q3 performance, the rapid ascent has led to an overbought condition, and the September rally was partly driven by a short squeeze. Therefore, October may see sideways trading or a modest pullback. Nevertheless, the overall Q4 average return remains considerable, with major liquidity expected to enter the market in November and December.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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