XRP Highly Likely to Retest $1 This August: Kalshi

What happened

Traders on the Kalshi platform are placing heavy bets that XRP will fall back to roughly $1 in August, reflecting the cryptocurrency’s struggle to recover after recent prolonged volatility.

Confirmed

Global impact / market context

If XRP falls back to $1, holders may lose value and could sell their tokens, which would push the price lower and affect how investors view other volatile cryptocurrencies and may cause them to reconsider future purchases.

Analyst inference

Crypto markets have been swinging sharply lately, and XRP has not been able to climb back to its previous highs. In this unsettled environment, predictions like Kalshi’s draw attention because traders look for price clues to guide their bets.

Analyst inference

What to watch

1. Watch the August‑expiry XRP contracts on Kalshi; heavy betting on a $1 level will be reflected in the contract prices and can signal market direction. Proposed
2. Monitor XRP’s actual price movements over the next weeks; if it approaches $1, it confirms traders’ expectations, while staying above suggests the bet may be misplaced. Proposed
3. Follow any announcements from regulators about XRP or related crypto rules, as such news often shifts trader sentiment and could quickly change the odds of a $1 retest. Proposed

Affected assets

• XRP — XRP

Evidence

• u.today