XRP has soared more than 3.5% in 24 hours, indicating strong bullish activity. The $3 call options are the most traded on the Deribit market, with 2 million contracts reflecting optimistic investor sentiment.
The rise in trading volumes at higher strike prices is linked to increased expectations for the U.S. SEC approval of a spot XRP ETF, with analysts estimating a 95% probability of approval.
XRP/BTC has broken out of a falling wedge pattern, suggesting the end of a price correction and the resumption of a bullish trend. While moving averages show bearish signals, the wedge breakout indicates a return to bullish momentum.
Leave a Reply