XRP forecast to reach as high as $1.70 this month, Kalshi traders say

XRP has climbed more than 58% in a week and reclaimed $1.69, strengthening Kalshi traders’ expectations that it could reach $1.70 before August ends.

XRP

Summary

XRP has surged more than 58% in one week, recovering its three-month high and reaching an intraday peak of $1.69 on Saturday, August 22. Kalshi traders are betting that the token will reach $1.70 before the end of August, although the forecast remains market-implied rather than guaranteed. The rally has begun to cool, with daily gains easing to about 9% from more than 20% in each of the previous two days, while XRP trades around $1.50. Analysts say a move above $1.70 remains possible this month if the bullish trend continues.

Terms & Concepts
  • Prediction market: A market where participants trade contracts tied to the likelihood of future events or price outcomes.
  • Intraday high: The highest price an asset reaches during a single trading day.