As the price of XRP continues to face volatility, cryptocurrency prediction markets suggest that the token is likely to remain below the crucial $2 level by the end of February.
Indeed, XRP has been weighed down by the broader market correction, with some analysts warning that the asset could potentially crash to $1 if key support zones fail to hold.
As of press time, XRP was trading at $1.61, having plunged by over 2% in the past 24 hours, while on the weekly timeframe, the digital asset remains in the red by nearly 15%.
Regarding the price outlook, insights from the cryptocurrency prediction platform Polymarket are weighing several scenarios for the asset.
XRP price prediction
Data from Polymarket’s betting pools on XRP’s February price targets, retrieved on February 2, offer a cautiously optimistic outlook centered on moderate gains.
The highest implied probability, at 53%, is assigned to XRP reaching or exceeding $1.80, suggesting bettors view this as the most probable peak or closing level for the month.
Close behind is a 48% chance of surpassing $1.40, indicating strong confidence in avoiding severe declines while anticipating some upward momentum from current levels.
Higher ambitions appear more tempered, with only 27% odds of topping $2 and slimmer chances for loftier thresholds, such as 11% for $2.20 and 6% for $2.40.
On the downside, the market assigns minimal weight to sharp declines, with just a 6% probability of dipping below $1 and even lower odds for sub-$0.80 levels.
XRP ideal February price
This distribution points to a consensus that XRP will likely stabilize or climb modestly by month’s end, with the bulk of trading activity concentrated around mid-range outcomes such as $1.80, reflecting a balanced outlook amid ongoing corrections.
Beyond prediction markets, historical data adds a note of caution, showing February as a typically weak month for XRP, with median returns of around -8%, potentially pushing prices toward $1.45 or even $1.24 if bearish trends persist.
However, bullish catalysts remain in play, including ETF inflows surpassing $1.3 billion year to date and Ripple’s ongoing developments in cross-border payments, which could support a rebound.
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