Resolution criteria

This market will resolve to "Yes" if the price of Ripple (XRP) is within the specified range at 9:00 AM UTC on the resolution date. Otherwise, it will resolve to "No." The exact price range and resolution date will be set by the market creator. The price will be determined by the "XRP to USD" spot price displayed on CoinMarketCap.

For example, if the market resolves on January 1, 2026, and the specified range is "$2.40 - $2.50," the market resolves "Yes" if the XRP price on CoinMarketCap at 9:00 AM UTC on that date is $2.40 or higher, and $2.50 or lower.

Background

XRP is the native cryptocurrency of the XRP Ledger (XRPL), an open-source, decentralized blockchain designed for fast and efficient global financial transactions. Created in 2012, XRP aims to provide a cost-effective and swift alternative for cross-border payments, often positioning itself as a competitor to traditional financial systems like SWIFT. Ripple Labs, a company associated with XRP, utilizes the cryptocurrency in its payment solutions, though it does not own the XRP Ledger.

The legal status of XRP has been a significant point of interest due to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs in December 2020. The SEC alleged that Ripple conducted an unregistered securities offering through its XRP token sales. In August 2025, the U.S. Court of Appeals for the Second Circuit formally acknowledged the dismissal of appeals from both Ripple Labs and the SEC, effectively closing the appellate chapter of the multi-year legal confrontation. A district court ruling in July 2023 determined that XRP sales on public exchanges to retail investors did not constitute securities transactions, while direct sales to institutional buyers did. Ripple was ordered to pay a civil monetary penalty of $125 million for institutional sales of XRP.

Considerations

The specific price range, the exact resolution date, and the precise timezone (e.g., UTC, EST) for "9 AM" are critical for unambiguous resolution and must be clearly defined by the market creator. Cryptocurrency markets, including XRP, are known for their volatility, and prices can fluctuate significantly within short periods.