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

Prediction-market odds of XRP reaching $2 by year-end rose 2 percentage points in a day to 20%. Bitcoin’s chance of topping $100,000 by year-end stood at 24%, while its odds of reaching $87,500 by the end of October were 32%.

Year-end probabilities diverged across the three major cryptocurrencies.

As of Oct. 17, the market put bitcoin’s chance of reaching $100,000 by year-end at 24%, down 1 percentage point from a day earlier. The probability of reaching the higher $120,000 threshold was 7%.

Ether’s probability of reaching $3,500 by year-end slipped 1 percentage point to 16%, while XRP’s chance of hitting $2 rose 2 points to 20%.

XRP’s year-end outlook has fluctuated sharply in recent weeks. The probability reached 61% on Sept. 23 before falling to 20%.

Near-term expectations also weakened. Bitcoin’s chance of reaching $87,500 by the end of October fell 9 percentage points in a day to 32%, while the probability of hitting $90,000 stood at 18%.

Ether had a 9% chance of reaching $3,000 by the end of October. XRP’s highest near-term probability was 16% for reaching $1.60.

Bitcoin was trading at $81,564, down 0.7%. Ether stood at $2,436.32 after falling 1.02%, while XRP traded at $1.31, down 2.6%.

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