XRP has continued to fall to levels not seen in the last three months as prolonged market volatility continues to intensify, causing the asset to post bigger daily price losses.
While momentum appears to be fading rapidly, the slow price movements have caused expectations for a November recovery to weaken, especially among prediction market traders.
XRP price outlook for November
Latest data from leading prediction market Kalshi shows that XRP traders have little confidence that the asset can still reclaim $1.30 before the end of the month.
While the asset saw higher expectations from Kalshi traders last month, it appears that its recent price dip below $1 has lowered their expectations as traders are assigning low probabilities to XRP reaching higher price targets this month.
Following their predictions, XRP currently has 7% odds of trading above $1.40, while the probability of reaching $1.50 stands at 8%.
More notably, bets on XRP surging to around $1.60 are even weaker, with only a 4% implied probability, suggesting that traders have increasingly lost confidence in XRP’s potential to achieve a major recovery before this month runs out.
XRP adds zero to its price
The weak XRP predictions from Kalshi traders have come as XRP struggles to maintain momentum around its recent price levels, falling substantially below its local highs.
As of the time of writing, XRP is trading around $0.9892, representing a substantial decline of about 3.94% over the past 24 hours and an 11.3% drop over the last week.
It is important to note that the Kalshi data only reflects traders' positioning amid current market conditions and therefore does not guarantee XRP’s precise price movement in the future.
While XRP has continued to struggle below the major $1 level, it would need to stage a major recovery to reclaim the $1.30 level.
