The month of September has been pretty quiet for ripple (XRP). There were quite a few fundamental developments during the month of September as well. Due to these fundamental developments, Ripple (XRP) was able to shore up significant gains throughout the month as well.
Ripple (XRP) closes the month with a gain of almost 77%:
The main reason why ripple (XRP) was able to notch up such significant gains were to the fundamental developments. During the month of September, it was confirmed by one of the employees of Ripple that xRapid might be launched as soon as next month. That is what sparked the relentless rally in ripple (XRP). Ever since then, the rally did not stop at all. Due to this very reason, it was able to experience a significant rise as well.
On the other hand, Ripple (XRP) had fallen all the way from levels of $ 3.82 to just $ .20 earlier. That is why a bounce-back is long overdue. However, even the bullish investors in ripple (XRP) did not anticipate the 77% increase in the price of the XRP token in just one month. That is why such gains have actually came as surprise for many of the investors as well.
While most of the other cryptocurrencies underperformed Ripple, there are however a few Altcoins like Electroneum (ETN) which outperformed the ripple as well. However, when it came to the mainstream cryptocurrencies, Ripple (XRP) definitely outperformed the mainstream cryptocurrencies. It remains to be seen now is the month of October for ripple (XRP). Up until now, it has performed brilliantly in the last 30 days.