3 0
Crypto Traders Expect XRP Price to Rally 40% Despite Current Struggles
Retail traders are optimistic about XRP, despite its price struggling to maintain above $1.90. Data indicates confidence in potential future price increases.
- Robinhood's prediction markets show traders expect a 40% rally for XRP from current levels this year.
- Contracts for XRP reaching $2.75 in 2026 are priced with a bid of $0.66 and an ask of $0.73, suggesting a 73% implied probability.
- For XRP hitting $3.00, contracts are priced around 50 cents, indicating a 50% chance. A $3.25 target is priced at 44 cents, implying a 44% chance.
XRP is currently trading at $1.88, down 5% over the past week, amidst broader market fear indicated by CoinMarketCap's Fear & Greed Index reading of 29.
- Despite market fear, many investors remain bullish, expecting new all-time highs this year.
- Standard Chartered projects XRP could reach $8 by 2026 due to ETF inflows and clearer regulations.
- Some forecasts see XRP exceeding $5 by year-end based on current exchange outflow trends.
