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XRP (CRYPTO: XRP) may have stagnated over the month, but cryptocurrency bettors haven’t completely discounted the possibility of fresh all-time highs by year-end.
The fourth-largest cryptocurrency by market capitalization sank 8% over the week, and 2.50% over the month, erasing the gains from the July rally that briefly appeared strong enough to drive it toward record highs at $3.84
The reversal cooled expectations in prediction markets, with Polymarket traders placing 30% odds on XRP reaching $4 and above this year, down from 53% a week ago.
Similarly, punters on Kalshi, a federally regulated prediction site, projected a 34% likelihood of XRP surpassing $4 in 2025, and a 17% chance of topping $5.
Note that U.S. residents are currently barred from using Polymarket, but it is expected to start operations in the near future.
See Also: Ripple (XRP) Price Prediction: 2025, 2026, 2030
XRP has been dragged down by the larger market slump, with the overall valuation shrinking by 6.5% over the last week. Leading coins such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were down 4.59% and 12.07%, respectively.
Additionally, the highly anticipated REX Osprey XRP ETF (BATS: XRPR) has failed to excite the market, with shares down 4.47% since its debut last week.
However, not everything was gloomy. Momentum around XRP’s digital treasury narrative has strengthened following a joint initiative to launch a so-called X Club. The X Club will focus on promoting the XRP Ledger, driving global brand awareness for the coin and collaborating with Ripple and regulatory authorities throughout the world to increase compliance.
Price Action: At the time of writing, XRP was exchanging hands at $2.84, down 0.96% in the last 24 hours, according to data from Benzinga Pro.
Shares of the XRP ETF (NASDAQ: XRPI) were trading 4.15% lower in pre-market trading after closing 4.33% higher at $24.58 during the regular session.
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