Is XRP Price Going to Recover in September?

XRP (XRP) has declined by over 8% in August, underperforming the broader crypto market, which gained 14% in the same month. Can it recover in September, though?

XRP Eyes Falling Wedge Breakout

XRP’s daily chart shows a classic falling wedge formation, a technical structure that often precedes bullish reversals.

Since peaking near $3.66 in July, the token has drifted lower within two converging trendlines, signaling waning bearish momentum. A successful breakout above the wedge’s resistance could push XRP toward $3.25, about 15% higher than current levels, in September.

Supporting this scenario, XRP continues to trade above its 200-day EMA ($2.50), a key long-term support zone.

Notably, similar wedge breakouts in 2020 and 2021 fueled multimonth rallies. However, a breakdown below the 200-day EMA would nullify the bullish case and expose XRP to further declines.

Cup-and-Handle Scenario

Supporting the falling wedge outlook, XRP remains above its 200-day EMA around $2.50, a level that has historically served as a reliable long-term support.

This resilience suggests that bearish momentum is weakening even after August’s decline.

At the same time, the pullback structure resembles the “handle” of a larger cup-and-handle pattern forming on higher-timeframe charts.

If confirmed with a breakout, this setup could trigger a significant upside phase, projecting a move toward the $5.00 level in the months ahead.

A breakdown below $2.50, however, would challenge this bullish outlook and open the door to deeper retracements.

September Delivers 30% Average Gains After Bearish August

Interestingly, XRP has a history of staging strong comebacks in September after suffering losses in August.

The pattern played out in 2017, when a −23.5% August decline was followed by a +28.2% rebound, and again in 2021, when a −34.2% August was succeeded by a +33.4% rally.

On average, these Septembers delivered gains of more than 30%. Analysts often point to bargain hunting and capital rotation as key drivers, with traders viewing oversold August conditions as entry points ahead of the historically stronger Q4.

That makes September a potential recovery month if recent weakness repeats the same cycle.