XRP rallied 47% in July after a favorable ruling, but is now facing an all-time high in August. XRP’s market cap already fell by $10 billion in August and is currently around $27 billion. History shows that September is also a weak month for XRP, so it remains to be seen if the bullish momentum will resume. XRP rallied strongly in July, rising 47.6% after a favorable ruling in Ripple’s pending case with the SEC. But the winds have changed for the fourth largest cryptocurrency by market capitalization. Despite recording the second best price in July, Ripple appears to have recorded its worst performance in August, according to CryptoRank data. The analyst firm predicts it could fall 25.4 percent this month, surpassing its previous record of 23 percent in August 2018. XRP’s market cap has fallen below $10 billion The market capitalization of XRP has already fallen by $10 billion since the beginning of August and currently stands at $27.49 billion. As August draws to a close, the looming question is whether XRP can avoid setting another record monthly loss. History shows that September often ends weak for XRP as well, with returns often negative, apart from some past anomalies. The next month close will determine if the bulls can rally against the bearish technicals. For XRP investors, the sudden change in fortunes following the euphoria fueled by the July lawsuit highlights the unpredictable volatility that characterizes the crypto market. While fundamentals remain strong, unpredictable forces such as broader macro conditions and speculative traders can quickly shift the wind from a tailwind to a headwind. As SEC litigation intensifies in the coming months, uncertainty continues to dominate the outlook. But dedicated XRP supporters remain confident that the cryptocurrency’s utility and legitimacy will endure over time, despite occasional volatility.