{
  "_notice": {
    "type": "free_key_offer",
    "message": "Free and anonymous access is staying. If this endpoint is in your pipeline, a free key adds advance notice before any schema change or deprecation. POST /v1/keys {\"email\": \"you@firm.com\"} — nothing else required. Something broken or missing? hello@clearmarket.fyi reaches a human.",
    "docs": "https://clearmarket.fyi/for-data/",
    "policy": "This field is additive and its shape will not change."
  },
  "event_id": "CM-EVT-PHV76RLV35",
  "slug": "kxxrpminmon-xrp-26jul31",
  "question": "XRP trimmed mean by 11:59 PM ET on Jul 31, 2026",
  "category": "crypto",
  "event_type": "LADDER",
  "ladder_distribution": {
    "direction": "below",
    "implied_band": [
      0.3,
      null
    ],
    "strikes": [
      {
        "threshold": 0.3,
        "prob": 1
      },
      {
        "threshold": 0.4,
        "prob": 1
      },
      {
        "threshold": 0.5,
        "prob": 1
      },
      {
        "threshold": 0.6,
        "prob": 1
      },
      {
        "threshold": 0.7,
        "prob": 2
      },
      {
        "threshold": 0.8,
        "prob": 2
      },
      {
        "threshold": 0.9,
        "prob": 4
      },
      {
        "threshold": 1,
        "prob": 17
      }
    ]
  },
  "tags": [
    "crypto",
    "xrp-price",
    "crypto-volatility",
    "july-2026",
    "price-floor",
    "ripple"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track XRP's trimmed mean price against eight discrete strike thresholds by July 31, 2026. Kalshi structures the event as a ladder of binary questions, each asking whether XRP falls below a successively lower price level. This architecture lets traders isolate tail-risk probability at each threshold rather than trading a single directional outcome. Kalshi staff determination governs resolution, using a trimmed mean calculation to reduce sensitivity to short-term price spikes.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-JVFR3XT9H8",
  "current_primary_mark": {
    "last_price": 0.01,
    "implied_probability": 0.01
  },
  "created_at": "2026-07-23T21:11:14.426158+00:00",
  "updated_at": "2026-07-23T21:11:14.426158+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-N1QPT22991",
      "event_id": "CM-EVT-PHV76RLV35",
      "platform": "kalshi",
      "platform_market_id": "KXXRPMINMON-XRP-26JUL31-100",
      "question": "Will XRP trimmed mean be below $1.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Below $1.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Below $1.00: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of XRP after issuance and through 11:59 PM ET on Jul 31, 2026 is ever below $1.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF XRPUSD_RTI price for XRP. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF XRPUSD_RTI price",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.11,
      "implied_probability": 0.11,
      "volume_24h_usd": 226.2722,
      "volume_total_usd": 6051.408,
      "settlement_style": "terminal",
      "direction": "below",
      "threshold": 1,
      "question_id": "CMX-7B4032CC6A",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-P2BB7WMRV5",
          "price": 0.24
        }
      ],
      "tags": [
        "below $1.00",
        "crypto",
        "price",
        "xrp"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-9S4NG42VX1",
      "event_id": "CM-EVT-PHV76RLV35",
      "platform": "kalshi",
      "platform_market_id": "KXXRPMINMON-XRP-26JUL31-090",
      "question": "Will XRP trimmed mean be below $0.90 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Below $0.90",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Below $0.90: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of XRP after issuance and through 11:59 PM ET on Jul 31, 2026 is ever below $0.90, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF XRPUSD_RTI price for XRP. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF XRPUSD_RTI price",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.02,
      "implied_probability": 0.02,
      "volume_24h_usd": 40.112,
      "volume_total_usd": 627.063,
      "settlement_style": "terminal",
      "direction": "below",
      "threshold": 0.9,
      "question_id": "CMX-4EEF476319",
      "also_on": null,
      "tags": [
        "below $0.90",
        "crypto",
        "price",
        "xrp"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-K78F1BLYF6",
      "event_id": "CM-EVT-PHV76RLV35",
      "platform": "kalshi",
      "platform_market_id": "KXXRPMINMON-XRP-26JUL31-080",
      "question": "Will XRP trimmed mean be below $0.80 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Below $0.80",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Below $0.80: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of XRP after issuance and through 11:59 PM ET on Jul 31, 2026 is ever below $0.80, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF XRPUSD_RTI price for XRP. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF XRPUSD_RTI price",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.02,
      "implied_probability": 0.02,
      "volume_24h_usd": 89.647,
      "volume_total_usd": 323.482,
      "settlement_style": "terminal",
      "direction": "below",
      "threshold": 0.8,
      "question_id": "CMX-B2BC58DD58",
      "also_on": null,
      "tags": [
        "below $0.80",
        "crypto",
        "price",
        "xrp"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-DYZV68QJ21",
      "event_id": "CM-EVT-PHV76RLV35",
      "platform": "kalshi",
      "platform_market_id": "KXXRPMINMON-XRP-26JUL31-070",
      "question": "Will XRP trimmed mean be below $0.70 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Below $0.70",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Below $0.70: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of XRP after issuance and through 11:59 PM ET on Jul 31, 2026 is ever below $0.70, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF XRPUSD_RTI price for XRP. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF XRPUSD_RTI price",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.02,
      "implied_probability": 0.02,
      "volume_24h_usd": 2.8074000000000003,
      "volume_total_usd": 64.1848,
      "settlement_style": "terminal",
      "direction": "below",
      "threshold": 0.7,
      "question_id": "CMX-279B434D9B",
      "also_on": null,
      "tags": [
        "below $0.70",
        "crypto",
        "price",
        "xrp"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-9DG9S1FH52",
      "event_id": "CM-EVT-PHV76RLV35",
      "platform": "kalshi",
      "platform_market_id": "KXXRPMINMON-XRP-26JUL31-060",
      "question": "Will XRP trimmed mean be below $0.60 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Below $0.60",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Below $0.60: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of XRP after issuance and through 11:59 PM ET on Jul 31, 2026 is ever below $0.60, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF XRPUSD_RTI price for XRP. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF XRPUSD_RTI price",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.02,
      "implied_probability": 0.02,
      "volume_24h_usd": 1.8716,
      "volume_total_usd": 50.4634,
      "settlement_style": "terminal",
      "direction": "below",
      "threshold": 0.6,
      "question_id": "CMX-FBB7804567",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-8G44W4K6Y3",
          "price": 0.007
        }
      ],
      "tags": [
        "below $0.60",
        "crypto",
        "price",
        "xrp"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-M18Z2N9PH5",
      "event_id": "CM-EVT-PHV76RLV35",
      "platform": "kalshi",
      "platform_market_id": "KXXRPMINMON-XRP-26JUL31-050",
      "question": "Will XRP trimmed mean be below $0.50 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Below $0.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Below $0.50: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of XRP after issuance and through 11:59 PM ET on Jul 31, 2026 is ever below $0.50, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF XRPUSD_RTI price for XRP. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF XRPUSD_RTI price",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 1.8703,
      "volume_total_usd": 11.589300000000001,
      "settlement_style": "terminal",
      "direction": "below",
      "threshold": 0.5,
      "question_id": "CMX-DFEA033241",
      "also_on": null,
      "tags": [
        "below $0.50",
        "crypto",
        "price",
        "xrp"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-X57N74RFN7",
      "event_id": "CM-EVT-PHV76RLV35",
      "platform": "kalshi",
      "platform_market_id": "KXXRPMINMON-XRP-26JUL31-040",
      "question": "Will XRP trimmed mean be below $0.40 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Below $0.40",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Below $0.40: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of XRP after issuance and through 11:59 PM ET on Jul 31, 2026 is ever below $0.40, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF XRPUSD_RTI price for XRP. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF XRPUSD_RTI price",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 1.8703,
      "volume_total_usd": 19.8854,
      "settlement_style": "terminal",
      "direction": "below",
      "threshold": 0.4,
      "question_id": "CMX-BDAD2DAAAE",
      "also_on": null,
      "tags": [
        "below $0.40",
        "crypto",
        "price",
        "xrp"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-JVFR3XT9H8",
      "event_id": "CM-EVT-PHV76RLV35",
      "platform": "kalshi",
      "platform_market_id": "KXXRPMINMON-XRP-26JUL31-030",
      "question": "Will XRP trimmed mean be below $0.30 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Below $0.30",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Below $0.30: Resolution per the event's stated source and mechanism (subject supplied per market).",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of XRP after issuance and through 11:59 PM ET on Jul 31, 2026 is ever below $0.30, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF XRPUSD_RTI price for XRP. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF XRPUSD_RTI price",
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        "source_of_record": "CF Benchmarks",
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        "source_quality": "authoritative",
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        "source_commitment_subtype": "named",
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      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
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      "last_price": 0.01,
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      "settlement_style": "terminal",
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      "threshold": 0.3,
      "question_id": "CMX-08E1A7D8A3",
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        "below $0.30",
        "crypto",
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  ],
  "resolution_log": [],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-PHV76RLV35",
    "terms": "Attribution required. clearmarket.fyi"
  }
}