XRP Drops 4%... Kalshi Users 'Bet Big' on Reclaiming $1.5 by September

▲ XRP, Prediction Market/AI Generated Image

While XRP is undergoing a recent correction, bets are pouring into prediction markets on the possibility of it reclaiming $1.50 within September.

According to U.Today on September 10 (local time), users of the cryptocurrency prediction market Kalshi are highly anticipating XRP's rebound to $1.50 within this month. The trading volume for the related XRP prediction market recorded $89,586.

XRP maintained an upward trend for the past week, stabilizing near $1.40, but then faced selling pressure again. In the last 24 hours, it fell 4.64% from its high of $1.43.

Kalshi users' bets lean towards a rebound before the end of September despite the price correction. U.Today explained that for XRP to reach its $1.50 target, it needs to rise more than 11% from its level at the time of writing.

This outlook reflects the prediction market bets of Kalshi participants. Even as XRP fails to maintain its recent gains and faces selling pressure, market expectations for a $1.50 recovery persist.

[Article Key Summary]

-Bets are flooding into XRP prediction markets on the possibility of recovering $1.50 within September.

-The trading volume for Kalshi's related XRP prediction market recorded $89,586.

-XRP has dropped 4.64% in the last 24 hours, and a rise of more than 11% is needed to reach $1.50.

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