Cryptocurrency bettors are showing the strongest conviction for XRP (CRYPTO: XRP) reclaiming $1.60 this month.

Polymarket Traders Wager On XRP’s Price

Polygon (CRYPTO: POL)-based Polymarket assigns a 28% chance of XRP hitting at least $1.60 in May. The odds were at 41% at the start of the month.

XRP slipped below $1.60 in the first week of February and has yet to recover that level.

Meanwhile, the odds of XRP dropping below $1.20 were 20%, the second highest among outcomes.

What Does This Rejection Mean?

Ali Martinez, a well-known cryptocurrency analyst and trader, identified $1.45 as a key resistance level for XRP earlier this week, with a confirmed closing above it potentially leading…

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