Although XRP has slowed in its recent price rally, stabilizing around the $1.13–$1.14 price range, crypto market traders believe there are still further rallies ahead.
With XRP back in the spotlight, traders on crypto prediction platform Kalshi are pricing in a further price rally for XRP after enduring several months of extreme volatility.
The data shows that 33% of Kalshi traders have forecast that XRP could climb to $1.30 before the end of July as XRP remains steady on the upside.
XRP retains bullish sentiment
The bullish XRP prediction from traders on Kalshi has caught the attention of investors as it is coming amid renewed momentum for XRP.
After dropping as low as $1.01 during the previous week, XRP has rapidly climbed to around $1.14 as of the time of writing, posting an impressive 8.32% gain over the past week.
The XRP price rally started when the new month began, igniting a fresh surge of bullish sentiment among investors who believe that the $1.30 prediction could just be the start.
Analysts have also mentioned that the recent rally could be an early sign that XRP is attempting to break out from the heavy volatility that has negatively impacted its price movements for several months.
History confirms further XRP rally in July
Apart from the prediction from Kalshi traders, historical data has also backed the forecast, as past yearly performance records suggest that July has often been one of XRP's more favorable months.
Since 2020, XRP has continued to deliver strong July gains, including returns of 35%, 31.2%, 26.3%, and nearly 60% over the past years.
With XRP already breaking out of the prolonged market volatility seen in the past few months, the XRP community strongly believes that there are more price rallies to witness this month.
Dan Burgin
U.Today Editorial Team
