At the same time, the odds suggest traders expect $XRP to remain range-bound rather than stage a major breakout over the remainder of the month.

Probabilities decline sharply above the $2 level, with markets assigning only 8% odds to a move beyond $2.20 and just a 1% chance of $XRP reaching $3, $3.20, or $4 before October 31.

$XRP price analysis

The outlook comes as $XRP attempts to hold above the $1.50 level in search of a decisive breakout toward $2.

As of press time, the asset was trading at $1.51 while continuing to exhibit technical strength.

To this end, the cryptocurrency’s 50-day simple moving average stood at $1.41, while the 200-day…