Kalshi Traders Forecast XRP Price Plunge to $1 in August

XRP's price has dropped to levels not seen this month after multiple days of extreme volatility. The asset briefly turned green, but plummeted back down, leading to increasingly bearish sentiment among traders.

Kalshi traders are predicting XRP could retest the $1 level this August, according to the latest data provided on the crypto prediction market. This bearish sentiment is fueled by recent price movements and a decrease in confidence in its recovery over the short term.

The trading volume on Kalshi reached about $13,374, with traders actively placing bets on XRP's potential downside in August. If XRP holds onto its current positive momentum, it may be able to hedge against negative predictions from traders.