XRP Traders Predict $1 Rebound by August as Bearish Sentiment Takes Hold

XRP's recent price decline has led to a shift in trader sentiment on prediction market Kalshi, with many now predicting a retest of the $1 level this August.

After briefly flipping green, XRP's price plunged back down, causing traders to become increasingly bearish and losing confidence in its short-term recovery.

The latest data from Kalshi shows that traders are betting on a possible retest of the $1 price level, with a trading volume of around $13,374.

XRP's recent price movement has been consistently in red territory for a long period, but it is now showing a decent recovery with a 1.61% gain over the last 24 hours.