XRP has continued to decline to levels not seen in the last three months amid prolonged market volatility, leading to larger daily price losses and fading momentum. As the asset struggles below the $1 threshold, expectations for a recovery in November have weakened among prediction market participants.
According to data from the prediction market Kalshi, traders display little confidence that XRP can reclaim the $1.30 level before the end of the month. Following a recent price dip below $1, traders have assigned low probabilities to various higher price targets.
Data shows that XRP currently holds a 7% probability of trading above $1.40, while the odds of reaching $1.50 stand at 8%. Bets on the asset surging to around $1.60 are even lower, sitting at an implied probability of 4%. These figures reflect a decrease in trader confidence regarding a major recovery before the month concludes, following higher expectations observed last month.
Market data from CoinMarketCap indicates that XRP was recently trading around $0.9892, marking a decline of approximately 3.94% over a 24-hour period and an 11.3% drop over the preceding week. The asset has fallen substantially below its local highs and needs a significant recovery to return to $1.30.
Kalshi positioning data reflects trader sentiment under current market conditions and does not serve as a guarantee of future price movements.
