The market is remarkably optimistic about XRP. According to predictions on the Polymarket platform, there is a good chance that the coin will stay above 3 dollars this month. In fact, investors estimate the chance that XRP is above 3.10 dollars at the end of September at no less than 86 percent.
Investors set in on rising XRP course
The data from Polymarket, where people bet on the outcome of real events, shows a clear picture: most traders expect XRP to rise further in the coming weeks.
- For a race above $ 3.10, the chance is 86 percent
- For $ 3.20: 69 percent
- And for $ 3.30: still 54 percent
In addition, confidence drops rapidly. For example, the chance of an XRP rate of 3.60 dollars is only estimated at 23 percent. A course of 5 or 6 dollars? Hardly one percent chance.
At the bottom there seems to be little panic. According to the predictions, the chance that XRP will drop below 2.50 dollars only 26 percent.
ETF speculation keeps XRP in the air
The biggest reason for this optimism? The possible arrival of a spot ETF for XRP. Big names such as Grayscale and Franklin Templeton have submitted requests to launch a stock market fund that invests directly in XRP. If that is approved, that could mean a huge influx of institutional money.
According to earlier data on polymarket, the market now estimates the chance of approval at more than 90 percent.
The XRP rate itself reacts positively: the currency is at $ 3.03, an increase of more than 7 percent in a week. Investors already seem to position themselves for what may be a crucial month for XRP.
Source: https://newsbit.nl/xrp-koersverwachting-dit-voorspellen-crypto-markten-voor-eind-september/
