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If you have low ping and are still rubber banding it's safe to say the issues are server side.
You an have a 1gbps but get 'rubber banding' due to the fact that your latency to the server is 100ms
You can have 128kbps connection but have great MP experince because your latency is only 1ms
Functionally you'll have to look at your latency to the servers, usually what happens is that your router NAT table is getting full or your router might be just be underpowered especially if its doing any kind of traffic filtering/monitoring too. the increased speed means it needs to do more work, which the paltry asic on consumer routers can't keep up with
I mean kinda depends on the ISP. Myself I actively bypass the ISP based routers since they're generally garbage
If the OP is only upgrading from 10-60mps id think a cable modem/router upgrade wouldnt be needed. its probalby just a flip of a bit somewhere and you get 60mps. ITs only when you start crosisng specific thresholds like DOCSIS 3.0 -> 3.1 or such where there might be a theoretical bandwidth cap to get to the next level. But a 10-60mps jump wouldnt require that
That should be sufficiet its a docsis3.0 modem
I might give it a reboot as a first step
Otherwise try hard resetting it