Crypto markets predict XRP price for May 31, 2026

Although $XRP has made a modest upward move in early May, cryptocurrency prediction markets are maintaining a cautious outlook on the digital asset for the rest of the month.

In this regard, traders on Polymarket strongly believe that the asset will likely trade below the crucial $2 level by the end of the month.

The blockchain-based prediction platform shows the $1.60 target carrying the highest probability at 32%, making it the most favored outcome among traders. The second most likely scenario places $XRP at $1.20 with a 22% probability.

Polymarket data also indicates moderate expectations for higher price levels. $XRP reaching $1.80 holds an 8% chance, while the probability of the token climbing to $2 stands at 4%.

More aggressive bullish targets received significantly lower odds, with $2.40 assigned a 2% probability and price levels of $2.60, $2.80, and $3.00 each holding roughly 1%.

On the bearish side, traders see limited chances of $XRP falling sharply below current levels by the end of May 2026. The probability of $XRP trading at $1 stands at 4%, while targets of $0.80 and $0.60 carry probabilities of 2% and 1%, respectively. The likelihood of $XRP dropping to $0.20 was listed at less than 1%.

The data also reflects shifting market sentiment across several price targets. The probability attached to the $1.80 outcome declined by 42%, while the $1.60 prediction dropped by 20%. Meanwhile, the $1.20 target fell by 28%, suggesting traders have recently adjusted expectations surrounding $XRP’s potential price movement.

Indeed, this outlook comes at a time when $XRP has shown some rebound in the short term, aligning with the broader market sentiment.

Notably, as things stand, $XRP lacks network-specific catalysts to drive price growth and has heavily relied on broader cryptocurrency market sentiment.

$XRP price analysis

By press time, $XRP was trading at $1.41, having gained almost 2% in the past 24 hours. On the weekly timeline, however, the asset remains down 0.2%.

Indeed, the short-term price movement has pushed $XRP slightly above its 50-day simple moving average (SMA) of $1.39, a sign that short-term momentum remains relatively stable. However, the token is still trading well below its 200-day SMA of $1.80, suggesting that the broader long-term trend remains under pressure despite recent stabilization.

The 14-day Relative Strength Index (RSI) stands at 49.44, placing $XRP in neutral territory. This indicates that the asset is neither overbought nor oversold at the moment, reflecting balanced market conditions with no strong directional momentum currently dominating price action.