Updated
Updated · robinhood.com · Aug 22
Robinhood Lists XRP Event Contracts With Strikes Up to $1.51991 for Aug. 22
Updated
Updated · robinhood.com · Aug 22

Robinhood Lists XRP Event Contracts With Strikes Up to $1.51991 for Aug. 22

3 articles · Updated · robinhood.com · Aug 22

Summary

  • Robinhood Derivatives is offering event contracts on whether XRP will be at or above set price levels at 3 p.m. EDT on Aug. 22, 2026, paying $1 per winning contract.
  • The market uses CF Benchmarks' Real Time Index and resolves from the simple average over the 60 seconds before the target time; if data is missing, affected strikes resolve to No.
  • Listed strikes shown range from $1.45991 at 99 cents to $1.51991 at 4 cents, with trading available 24 hours a day except Thursday from 3 a.m. to 5 a.m. ET.
  • The contracts sit alongside similar crypto prediction markets on Robinhood, and follow a related XRP market tied to a 2 p.m. EDT pricing event the same day.

Insights

With a strict 60-second settlement window, could a sudden data glitch automatically wipe out winning XRP bets?
As ETF inflows battle Ripple's massive escrow releases, which side will dictate the final payout of these contracts?
Since the IRS tax treatment remains unclear, could traders face unexpected liabilities from their prediction market profits?