The prediction market Polymarket gives 65% odds for XRP to drop below the $1 threshold, testing bullish positions. XRP has been consolidating around $1 for nearly two months, closing July at $1.06, but the XRP/ETH ratio has fallen nearly 5% in August after a 13% drop in July, while Ethereum posted an 18% monthly gain against only 2.18% for Ripple. XRP’s Open Interest has rebounded to $2.5 billion, signaling leverage buildup that could trigger another liquidity sweep if the $1 support breaks. Nevertheless, fundamentals show positive momentum: XRP Ledger’s active addresses increased 8.1% week-over-week and 95,506 XRP have been burned over the past 206 days, providing fundamental support for bulls.
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