What to Expect from XRP in August

XRP has seen an impressive rise, recording its all-time high (ATH) in July. While the price has dipped slightly from that peak, XRP remains close to its all-time high at $3.66.

Historically, XRP has struggled in August, but this time may be different, with positive signals in the market on the horizon.

Recent market activities for XRP have shown a dramatic shift in investor sentiment. Over the past two and a half weeks, nearly 946 million XRP worth over $2.86 billion have been sold to exchanges, indicating a significant amount of profit-taking and sending supply to an eight-month high. However, Alexis Circia, a leader in the Yellow Network, told BeInCrypto that this wave of selling was short-term.

Circia stated: "This kind of selling after ATH is customary, especially in a market that is still proving trust. More importantly, in this recent ATH, most individual players and institutions used the breakout as an opportunity to reduce risk. However, I believe the pressure is temporary. What is different this time is that XRP's rise was not driven by speculation but supported by real compliance, cross-border financing, and infrastructure developments.