finbold.com
06 October 2026 12:25, UTC
Cryptocurrency prediction markets are signaling that $XRP is most likely to end October 2026 near its current trading range of around $1.50.
In this case, data from the prediction market Polymarket shows a 64% probability that $XRP will finish October above $1.40 and an identical 64% probability that it will trade above $1.60 by month-end.
The market has assigned just a 22% chance of $XRP exceeding $1.80 and a 10% probability of reclaiming the $2 mark.
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At the same time, the odds suggest traders expect $XRP to remain range-bound rather than stage a major breakout over the remainder of the month.
Probabilities decline sharply above the $2 level, with markets assigning only 8% odds to a move beyond $2.20 and just a 1% chance of $XRP reaching $3, $3.20, or $4 before October 31.
The outlook comes as $XRP attempts to hold above the $1.50 level in search of a decisive breakout toward $2.
As of press time, the asset was trading at $1.51 while continuing to exhibit technical strength.
To this end, the cryptocurrency’s 50-day simple moving average stood at $1.41, while the 200-day simple moving average was at $1.28, indicating that $XRP remains above key long-term trend levels.
Momentum indicators also remain balanced. $XRP’s 14-day Relative Strength Index (RSI) is 57.17, a neutral reading that suggests the asset is neither overbought nor oversold.
Adding to the bullish case, crypto analyst Ali Martinez recently highlighted a breakout on $XRP’s four-hour chart.
2/5 First is $XRP. It appears to have broken above the descending resistance line of a triangle on the four-hour chart.
— Ali Charts (@alicharts) October 5, 2026
If $1.50 holds as support, I’m watching for a move toward $1.62. pic.twitter.com/WCF5KEt7j8
The token has moved above the descending resistance line of a multi-week triangle pattern, a formation created by lower highs as selling pressure gradually weakened.
According to Martinez, holding the $1.50 to $1.53 area as support would confirm the breakout and pave the way for a move toward $1.62, the next key resistance level.
The setup suggests $XRP may be entering a new short-term uptrend after spending weeks in a tightening consolidation range.
Featured image via Shutterstock
