Kalshi Trader 33% "XRP (Ripple) to Recover $1.3 in July"

▲ XRP, USD

As XRP rebounded 8.32% from its low last week, prediction market traders began betting on the possibility of it recovering to $1.3 in July. The history of recording a maximum increase of nearly 60% every July since 2020 is once again gaining attention, fueling expectations for further breakthroughs.

According to the cryptocurrency specialized media U.Today on July 6 (local time), 33% of traders on the cryptocurrency prediction platform Kalshi predicted that XRP would rise to $1.3 before the end of July. As XRP, which had experienced extreme volatility for several months, once again attracted market attention, there was a movement to bet on further upside potential.

The recent rebound trend fueled the bullish outlook. XRP fell to $1.01 last week before quickly rebounding, rising 8.32% in a week. Although the recent upward trend has slowed somewhat, market traders are keeping the possibility of a further rally open.

Past July returns were also cited as a basis for increasing expectations. XRP recorded strong returns in July since 2020, with 35%, 31.2%, 26.3%, and approximately 60% in some years. U.Today reported that based on past annual performance records, July has been one of the relatively favorable months for XRP.

The recent rally was also analyzed as an early sign of breaking away from the high volatility that had suppressed XRP prices for several months. As the uptrend began in July, expectations spread among investors that the $1.3 forecast could be just the beginning of a further rally. With 33% of Kalshi traders betting on XRP reaching $1.3 before the end of July, the market is focusing on the recent rebound trend and past July returns.

[Article Key Summary]

-33% of Kalshi traders predicted that XRP would rise to $1.3 before the end of July.

-XRP rebounded after falling to $1.01 last week, rising 8.32% in a week.

-XRP recorded high returns in July since 2020, reaching 35%, 31.2%, 26.3%, and approximately 60%.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*