XRP trades at $2.62 with a 22.4% monthly gain, but traders remain cautious.
Polymarket predicts a 5% chance of XRP reaching $3.50 by the end of May.
Despite skepticism, analysts forecast a breakout above $3.40 as CME prepares to launch XRP futures.
While XRP is consistently trading above $2.50, market commentators are speculating how high it could climb by the end of this month. On Polymarket, a decentralized prediction market, traders have weighed in on XRP’s potential to reach $3.50.
Notably, traders give the token just a 5% chance of hitting that level. The odds reflect skepticism despite recent developments in the XRP ecosystem.
Meanwhile, XRP has performed impressively in recent weeks. The token has surged by 3.4% in the past day, bringing its monthly gain to 22.4%. However, Polymarket traders remain doubtful that XRP will reach a new all-time high by the end of May, with 63% predicting it will stay at $2.80.
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The post Here’s the Odds of XRP Surpassing $3.50 by End of May, According to Polymarket appeared first on Coin Edition.
