XRP has surged nearly 60% over the past week, and traders on prediction platform Kalshi are now betting the token reaches $1.70 before August ends. The rally has cooled from its fastest pace, with XRP holding near $1.50 after touching an intraday high of $1.69.
XRP has recovered from recent volatility with one of its biggest price breakouts this year, and traders on Kalshi are betting the move still has room to run. Data from the prediction market platform shows traders wagering on XRP reaching $1.70 before the end of August, after the token reclaimed its three-month high.
XRP traders target $1.70
The optimism follows a sharp move: XRP skyrocketed by over 58% within one week, recovering to levels last seen at its May highs. That run gave the token a real shot at $1.70 before August runs out.
As a result, XRP surged to reclaim $1.69 as of Saturday, August 22, putting it within striking distance of the Kalshi traders' target.
The rally cools
However, the pace of gains has slowed. XRP's daily price gains dropped to around 9%, compared with gains of over 20% seen in the last two days. The token still holds its bullish trajectory but is now hovering around the $1.5 mark, well off its $1.69 intraday high.
Source: U.Today
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