Robinhood Sets Up XRP Price Prediction Market for August 2026

Ripple's price prediction market has been set up on Robinhood, allowing users to bet on the cryptocurrency's value at a specific time in the future. The contract resolves based on a simple average of CF Benchmarks' Real-Time Index for Ripple (XRP) 60 seconds prior to the specified time. If no data is available or incomplete at the expiration time, affected strikes resolve to No.

The target date for this prediction market is August 31, 2026, at 1pm EDT. The prices used to determine this market are based on CF Benchmarks' corresponding Real-Time Index (RTI). If the price of XRP meets certain criteria at exactly the specified time, users who own contracts will receive a payout.

The contract has various pricing tiers, with different payouts for reaching specific levels. For example, if the price reaches $1.35991 or above, users will get 99¢ per contract. If it reaches $1.37991 or above, they'll get 20¢ per contract. However, there are no payouts if the price is below these thresholds.

Users can trade on this contract until the event resolves. It's essential to note that trading prohibitions apply, including restrictions for persons employed by Source Agencies and those holding material non-public information on XRP.