Kalshi Traders Forecast XRP to Hit $1.60 in April

Kalshi prediction market traders are forecasting XRP will reach $1.60 in April, according to the prediction market platform’s latest data. Ripple CEO Brad Garlinghouse confirmed growing demand for XRP, stating: “Demand for XRP keeps growing. More access, more ecosystems, more utility.” His comments followed RippleX’s announcement that wrapped XRP (wXRP) is now live on Solana, enabled by Hex Trust and LayerZero.

Institutional ETF Inflows Accelerating

Five spot XRP ETFs recorded net inflows of $55.4 million over the past five trading days, with positive flows recorded every single day during that period. The largest single-day inflow occurred on April 15, totaling $17 million. These five products now collectively hold $1.11 billion in assets, representing 1.22% of XRP’s entire market cap.

According to CoinShares, the week ending April 11 saw $119.6 million in weekly inflows – the strongest figure since December. Despite six consecutive months of price decline, institutional demand continues to accelerate.

Technical Setup and Short Liquidation Clusters

For the first time since January 17, the SuperTrend indicator has flipped bullish on XRP’s daily chart. Technical analyst Ali Charts identified $1.55 as the key level to watch, noting that a clean break and daily close above this level would likely trigger a relief rally toward the $1.90 zone.

According to Tesseract Group’s Head of Commercial Adam Saville-Brown, approximately $3 billion in short liquidation clusters sit directly above the $1.51-$1.57 resistance zone. With XRP trading at $1.47, this ceiling is less than 3% away. Current market conditions show deeply negative funding rates – indicating shorts are doubling down – while Coinbase premium is positive, suggesting U.S. buyers are entering positions.

Regulatory Catalyst: CLARITY Act Vote

The CLARITY Act Senate Banking Committee markup is targeted for late April. Standard Chartered has modeled XRP trading above $1.60 if the committee delivers a favorable vote. JPMorgan stated that negotiations are down to two or three unresolved issues.

If the vote does not occur, analysts see XRP returning toward support at $1.28, with potential further decline to $1.15 if that level breaks.