XRP’s year-end $2 odds plunge 14 points in a day to 20%

The prediction-market probability of XRP reaching $2 by year-end fell 14 percentage points in one day to 20%. Bitcoin’s odds of reaching $100,000 by year-end stood at 27%, while its chance of hitting $87,500 by the end of October was 30%.

Year-end price probabilities diverged across the three major cryptocurrencies.

As of 11:05 UTC on Oct. 15, Bitcoin’s probability of reaching $100,000 by year-end was 27%, down 3 percentage points from the previous day. The probability of reaching the higher $120,000 level was 7%.

Ethereum’s year-end probability of reaching $3,500 dropped 6 percentage points in a day to 15%, while XRP’s chance of reaching $2 fell 14 points to 20%.

XRP’s year-end outlook has fluctuated sharply in recent weeks. The probability stood at 17% on Aug. 17, climbed to 61% on Sept. 23 and has since retreated to 20%.

The near-term outlook was similarly subdued. Bitcoin had a 30% probability of reaching $87,500 by the end of October, while the probability of reaching $90,000 was 22%.

Ethereum’s highest end-of-October probability was 7% for $3,000, while XRP’s was 15% for $1.60.

At the same time, Bitcoin was trading at $80,847, down 2.94% on the day. Ethereum was at $2,361.36, down 5.53%, while XRP traded at $1.31, down 4.76%.

This article is based on market data and analysis and does not constitute investment advice.