Robinhood Traders Bet Big on XRP Price at July 31 Deadline
The crypto prediction market on Robinhood is allowing traders to bet on the price of XRP at a specific date and time. According to the contract, the price used to determine this market is based on CF Benchmarks' corresponding Real-Time Index (RTI). The market resolves based on a simple average of the CF Benchmarks index for the 60 seconds prior to the specified time.
The target date and time are July 31, 2026 at 5pm EDT. If the price of XRP meets certain criteria, traders who own contracts will receive $1 per contract. The contract prohibits persons employed by any of the Source Agencies or those with material non-public information on XRP from trading.
The market offers a range of prices that can be bet on, including $1.07991 or above, which has a 61% probability, and $0.63991 or above, which has no probability. Traders can choose to close their position before the event resolves or wait for the outcome.