Bets on XRP reaching record price just swerved

18 hours ago 8

XRP’s accidental of reaching a caller terms grounds has slumped.
XRP is down by astir a 3rd since Trump’s inauguration.
The crypto marketplace has struggled for momentum this year.

Crypto bettors are nary longer bullish astir XRP, astatine slightest not successful the abbreviated term.

Data from the crypto prediction level Polymarket shows bettors put the chances of XRP reaching a caller grounds earlier the extremity of the archetypal fractional astatine 26%.

That’s down from 56% earlier this period erstwhile expectations were overmuch higher that the US would stockpile altcoins, including XRP, for a projected crypto reserve.

Those plans did not materialise arsenic President Donald Trump signed an enforcement order to make a integer plus stockpile that won’t acquisition immoderate caller tokens, astatine slightest for now.

Without immoderate caller communicative to spur capitalist interest, XRP has been caught up successful the broader crypto slump that has seen the marketplace shed $600 cardinal successful worth since the commencement of 2025.

XRP is down 31% since Trump’s inauguration.

Still, determination person been bullish signals for XRP. On a Kelshi prediction market, bettors enactment the likelihood of Ripple outperforming Bitcoin and altcoins astatine 48%.

The Ripple-linked cryptocurrency is among a raft of altcoin ETFs presently under review by the Securities and Exchange Commission. A determination connected those filings is expected by mid-October astatine the latest.

JPMorgan predicts that XRP ETFs volition gully successful $8 cardinal successful inflows from investors successful the archetypal twelvemonth aft launch.

Retail involvement successful XRP is besides significant, particularly successful South Korea, wherever whale wallets acquired $700 cardinal worth of the cryptocurrency past week.

Data from crypto derivatives level Deribit shows traders are punting for a $5 XRP terms this year.

The $5 telephone is the astir fashionable for XRP connected Deribit, with a notional worth of $3.9 million.

Crypto marketplace movers

Bitcoin is up 2.8% implicit the past 24 hours to commercialized astatine $83,269.
Ethereum is up by 3.2% wrong the aforesaid play to commercialized astatine $1,915.