[DigitalToday reporter Yoonseo Lee (이윤서)] On crypto prediction market Kalshi, 33 percent of traders are betting that XRP will reach $1.30 before the end of July.

U.Today, a blockchain media outlet, reported on July 6 that XRP is moving in the $1.13 to $1.14 range and market participants see further upside potential.

The key point is that sentiment has tilted back toward bullishness after a recent rebound. XRP fell to $1.01 the previous week before quickly recovering to around $1.14. It is up 8.32 percent over the past week. The market is taking that as a signal that XRP is holding a stable trend on the upside.

Kalshi data also reflect that mood. Traders see XRP rising to $1.30 before the end of July, and 33 percent of participants put weight on that scenario. After months of high volatility, it is notable that an upside scenario is again being highlighted in the prediction market.

A rebound early this month is cited as a backdrop to the price move. XRP's rise gathered pace as the new month began, and bullish expectations among investors have grown again since then. Some in the market are also expressing expectations that the $1.30 view could be only the start. The figures presented, however, reflect the probabilities of Kalshi participants and do not guarantee that the price will be reached.

Views on the technical picture are similar. Some analysts mentioned that "the recent rebound could be an early signal of trying to break away from the volatility that has weighed on price moves for months." That interpretation is that XRP is attempting to move beyond a simple bounce and break out of a volatile market.

Past July performance is also feeding expectations. Since 2020, XRP has posted July returns of 35 percent, 31.2 percent, 26.3 percent and about 60 percent. With July again being highlighted as a relatively strong month, forecasts that additional gains could continue this month are gaining support.

Along with that, the XRP community sees the recent rebound as the start of a bigger trend than a short-term recovery. As XRP shows signs of breaking out of a long period of volatility that has lasted for months, market participants are watching whether further gains can be confirmed within this month. The key questions are whether the recovery around $1.14 holds, and whether the $1.30 expectation reflected in the prediction market carries through into actual price action.