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Can XRP end four straight years of August losses as rebound chance emerges this month

XRP closed July at $1.06, putting focus on whether it can break a pattern of August declines that has lasted four years. A report said the token is testing a potential breakout at the top of a falling channel after a long slide. While August is not XRP’s worst month on average, recent years have been consistently negative. Third-quarter performance has turned positive, and traders are watching resistance at $1.20 to $1.25 and support around $1.05 to $1.06.