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Ripple (XRP) was more in a range of suffering in August, but analysts believe the situation could change in September and even reach the price of $ 2. The most important reason for this prediction is the formation of several ascending patterns. In the daily chart of Ripple’s price, the same cup pattern and category, a descending currency and upward flag are formed that have increased the likelihood of the current upward trend. If the $ 1.5 support fails, this scenario will be discredited.
The second factor is the high probability of confirming the Ripple Stock Exchange (ETF) by the US Stock Exchange (SEC). The institution is currently reviewing four XRP -based funds and is more likely to decide on October. The third factor is the rapid growth of the RLUSD Stables, which has reached more than $ 5 million since December. Analysts believe that the combination of these factors could empower Ripple in September.
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