Crypto
XRP Sees $1.70 Target as Traders Give It One-In-Three Chance
Kalshi's September market for XRP shows a forecast of $1.70, up 0.1 from yesterday.
The 'above $1.70' contract has traded at 32 cents, indicating a one-in-three chance that XRP will reach this price by the end of the month.
This comes after XRP's recent run-up, which saw it climb from $1.26 to its current price of around $1.55.
To hit $1.70, XRP needs to gain approximately 9.8% in the next few days, a feat that is not unprecedented given the asset's history of rapid price movements.