Traders on prediction platform Kalshi are betting on a 59% chance of XRP falling below the $1 mark this year. This probability above 50% reflects a growing loss of confidence among investors in the asset’s bullish potential. Despite persistent volatility in the crypto market, XRP has posted a 5.6% gain in July, recovering from a six-month low of $1.01 to briefly touching $1.17. The asset is extending a seven-year streak of positive July returns, although annual prospects remain bleak according to trader bets.
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