XRP Event Contract Targets $1.49991 on Aug. 23, 2026 as Robinhood Lists 5 Strike Levels
Updated
Updated · robinhood.com · Aug 23
XRP Event Contract Targets $1.49991 on Aug. 23, 2026 as Robinhood Lists 5 Strike Levels
3 articles · Updated · robinhood.com · Aug 23
Summary
$1.49991 is the central strike in a new XRP event contract tied to the token’s price at 12 p.m. EDT on Aug. 23, 2026, with contracts also listed from $1.47991 to $1.55991.
66 cents buys the $1.49991-or-above contract, while higher strikes trade cheaper—46 cents for $1.51991, 16 cents for $1.53991 and 6 cents for $1.55991—reflecting lower implied odds.
CF Benchmarks’ Real-Time Index determines the outcome, using the simple average of the 60 seconds before the deadline; 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 payouts usually arrive within an hour after resolution.
Robinhood Derivatives offers the contracts alongside other crypto event markets, including Bitcoin, Dogecoin and Ethereum, while warning that futures-style products carry significant risk.