XRP's year-end $2 odds jump 16 points in a day to 34%

XRP’s probability of reaching $2 by year-end rose 16 percentage points in a day to 34%. Bitcoin’s odds of exceeding $100,000 by year-end stood at 25%, while the probability of reaching $87,500 by the end of October was 39%.

Prediction-market expectations were mixed as all three major cryptocurrencies traded higher on the day.

As of Oct. 16, the probability assigned to bitcoin reaching $100,000 by year-end slipped 1 percentage point to 25%. The odds of reaching the higher $120,000 threshold stood at 6%.

Ether’s probability of reaching $3,500 by year-end rose 2 percentage points to 16%. XRP’s year-end odds of reaching $2 climbed from 18% to 34%.

XRP’s year-end outlook has fluctuated sharply. The probability stood at 16% on Aug. 18, peaked at 61% on Sept. 23 and now sits at 34%.

For October, bitcoin had a 39% probability of reaching $87,500, a level 6.5% above its current price. The odds of reaching $90,000 were 24%.

Ether’s probability of reaching $3,000 by the end of October was 10%, while XRP’s odds of reaching $1.60 were 21%.

Bitcoin was trading at $82,169, up 1.66% on the day. Ether rose 4.37% to $2,462.58, while XRP gained 2.86% to $1.34.

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