XRP Bets Point to $2.10 Target in May – Polymarket Analysis

Traders on the prediction platform Polymarket are setting their sights on XRP’s price by the end of May, with most placing bets on a target of $2.10. This popular choice has 82% odds and over $6,700 in volume, reflecting its leading position among all price targets. While $2.30 holds second place, it doesn’t carry as strong odds or volume. XRP is currently trading at $2.20 after a slight uptick today, with an overall increase of over 7% this past month. Its market cap sits just under $129 billion, but recent trading activity has seen volume drop around 21% in the last 24 hours to $1.83 billion. The study explores other price predictions: $2.00 holds 67% odds with nearly $2,000 in bets; $1.90 boasts a 49% chance and $6,151 in volume; $1.50 surprises with a large $38,821 bet but only 10% odds; and $1.00 sits at a modest 2% with $4,146 in volume. The most optimistic price predictions include: $2.80 with 21% odds and $10,638 in bets; $3.00 and $3.50 each have only 2% odds, but they have received a considerable sum of $27,000 respectively. There’s also a middle ground: $2.40 has 67% odds with $2,901 staked; $2.50 holds 53% with $698 and $2.60 has 42% with $722. Overall, the analysis suggests most traders believe XRP will remain above $2 this month with $2.10 emerging as the most probable outcome. While there are hopeful signs for a more significant price surge, the market remains cautiously optimistic. The next few weeks will offer further insight into the XRP market’s trajectory.