Updated
Updated · robinhood.com · Aug 16
Robinhood Lists XRP August 2026 Event Contract With $0.97991 Strike
Updated
Updated · robinhood.com · Aug 16

Robinhood Lists XRP August 2026 Event Contract With $0.97991 Strike

3 articles · Updated · robinhood.com · Aug 16

Summary

  • $0.97991 is the lead strike in a newly listed event contract on XRP’s price at 7 p.m. EDT on Aug. 16, 2026, with traders paid $1 per correct contract.
  • The market resolves using CF Benchmarks’ Real-Time Index, calculated as the simple average over the 60 seconds before the target time; if data is missing or incomplete, affected strikes resolve to No.
  • Trading runs 24 hours a day except Thursdays from 3 a.m. to 5 a.m. ET, and positions can be closed before resolution instead of held to expiry.
  • Robinhood Derivatives offers the contract through partner exchanges alongside similar crypto prediction markets, extending event-based trading beyond BTC and ETH into XRP.

Insights

With expiration hours away, will XRP hold the crucial threshold or leave contract speculators empty-handed tonight?
Could a split-second data glitch tonight cost Robinhood traders their entire XRP event contract payout?
Is Robinhood's new proprietary exchange secretly designed to monopolize the booming crypto prediction market?