Cryptocurrency punters are growing less optimistic about XRP (CRYPTO: XRP) reaching new highs this year.
XRP To Miss All-Time High Bus Again?
Polygon (CRYPTO: POL)-based Polymarket currently assigns only a 13% chance of XRP bettering its all-time high of $3.84—set more than eight years ago—before Dec. 31. The odds at the beginning of the year were 41%.
Similarly, chances of XRP hitting all-time highs by Sept. 30 stood at 12%, down from 35% at the start of 2026.
Nearly $250,000 has been wagered on the outcome. The market resolves to “Yes” if any XRP/USDT 1-minute candle on Binance on the specified date has a final "High" price higher than any previous Binance 1-minute candle for the same pair.
What’s The Current Sentiment?
XRP, the fourth-largest cryptocurrency by market capitalization, has been weighed down by the geopolitical fallout of the Iran war. Year-to-date, it has collapsed 22%.
Meanwhile, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset's price, typically the 12-period and the 26-period, flashed a "Buy" signal for DOGE, according to TradingView.
The Bull Bear Power indicator, which measures the strength of buyers and sellers, was “Neutral,” and so was the Relative Strength Index.
Price Action: At the time of writing, XRP was exchanging hands at $1.43, up 0.85% over the last 24 hours, according to data from Benzinga Pro.
Photo: Stanslavs on Shutterstock.com
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