$XRP Price Drops to New Lows as Traders Predict Rebound to $1 Level

The price of XRP has plummeted to levels not seen this month, causing traders on crypto prediction market Kalshi to turn bearish.

According to the latest data from Kalshi, traders are predicting that XRP could retest the $1 level by August. This sentiment is fueled by XRP's recent price movement, which has remained consistently in red territory for a long period.

However, XRP is showing signs of recovery, with its price gaining 1.61% over the last 24 hours. If this momentum continues, it may hedge against negative predictions from traders.