Robinhood's Crypto Prediction Market Targets XRP Price at $1.47991

The Crypto Prediction Market on Robinhood is offering traders the chance to bet on the price of XRP (Ripple) at a specific time in the future. According to the market, the price of XRP must reach or exceed $1.47991 by September 30th, 2026 at 8am EDT for certain contracts to payout. The prediction is based on data from CF Benchmarks' Real-Time Index (RTI), which provides continuous pricing data for major cryptocurrencies.

The market resolves based on a simple average of the CF Benchmarks index for the 60 seconds prior to the specified time, and the price must meet the criterion at exactly the specified time. If no data is available or incomplete at the expiration time, affected strikes resolve to 'No'.

Traders can either own contracts that predict the price will reach $1.47991 or above, with a payout of 97% if correct. Alternatively, they can close their position before the event resolves. The market is offered by Robinhood Derivatives, LLC through various exchanges.