Robinhood Users Bet on XRP Price at Aug 29, 2026
A prediction market on Robinhood is allowing users to bet on the price of Ripple (XRP) at a specific point in time. The market, called 'What will the price of Ripple be On Aug 29, 2026 at 7am EDT?', is based on the CF Benchmarks' corresponding Real Time Index (RTI).
The contract resolves based on a simple average of the CF Benchmarks index for the 60 seconds prior to the specified time. If no data is available or incomplete at the expiration time, affected strikes resolve to No.
Users can choose from several price targets: $1.35991 or above (97%), $1.37991 or above (66%), $0.65991 or above (0%), and others. The market resolves within one hour of event resolution, with users potentially earning $1 for every contract they own if their prediction is correct.
The CF Benchmarks Real-Time Index provides continuous pricing data for major cryptocurrencies. However, trading prohibitions apply to certain individuals, including those employed by the Source Agencies and those who hold material, non-public information on the underlying asset.