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XRP likely to retest $1 level in August amid bearish trader sentiment on Kalshi.

Market News
08 Aug 2026
UToday
View Source
Bearish
pluang ai news

XRP is facing bearish sentiment as traders on the Kalshi prediction market bet on a retest of its multi-month low around $1 this August. Despite brief price recoveries, XRP has struggled with prolonged volatility and a recent price decline has shaken short-term confidence. However, some analysts note a slight price gain recently, suggesting potential exhaustion of the downtrend. The outcome depends on whether XRP can maintain positive momentum to counteract bearish bets.

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