u.today
Polymarket bettors see only a 2% chance of XRP hitting a new record high this April.
At the same time, there is also a 54% chance of the Ripple-linked cryptocurrency remaining in the green this month.
The popular altcoin has started this month with a 2% price increase, recovering in lockstep with Bitcoin and other cryptocurrencies.
XRP was down 2.56% in March after plunging by more than 29% in February.
The third-largest non-stablecoin cryptocurrency by market cap is up by less than 3% this year after soaring by a staggering 237% in 2023.
The token is currently trading at $2.13 on the Bitstamp exchange.
XRP has an 89% chance of revisiting the $2.20 level. However, less than half of Polymarket bettors believe that XRP will be able to reclaim $2.50 during April as risk assets, including cryptocurrencies, remain under severe pressure due to persistent trade tensions.
There is a 5% chance that XRP might plunge all the way to the $1 level, according to Polymarket.
XRP reached its current record peak of $3.40 on the Bitstamp exchange on Jan. 16. It took the cryptocurrency roughly seven years to be able to achieve a new lifetime peak. Back in early 2018, it peaked at $3.31 on the leading European exchange. The new all-time high was recorded right before the departure of vehemently anti-crypto SEC Chairman Gary Gensler.
That said, CoinGecko, a popular cryptocurrency ranking website, has yet to actually record a new record high. It says that the token is down 37.2% from the all-time high of $3.40 that was logged n Jan. 7, 2018.