Ripple’s XRP daily trading volume surges 56%, fueling bullish momentum as traders eye the $3 mark amid rising demand and broader market optimism
Bulls in Ripple (XRP) are now aiming for a price of $3, as the prices of call options for $2.80 and $3 have increased. More changes in the business world make a big price rise more likely, and bulls are taking advantage of the situation.
Deribit Amberdata data from the most recent report shows that call options at strikes have also reached $4. The expiration date for these options is September 28, 2025.
Two million options have been bought and sold at a $3 strike call, but most have been sold at a $2.80 strike call. For those who don’t know, a call option gives the buyer the right to buy a commodity at a certain price in the future.
Ripple’s XRP will increase in value because bids are becoming more confident and willing to take on more risk.
Bulls in Ripple are pushing XRP above $3.
A look at the options contract shows buyers think it has a chance to rise and go above $3. A week ago, $2.7 billion worth of Ripple’s XRP changed hands daily.
It hit a high point of $4.2 billion on Thursday, which caused a 56% rise in the daily trading rate. The price of the most popular altcoin rose almost 5% on Thursday, and both individual and institutional buyers are putting a lot of pressure on the coin to be bought.
The number of trades that happen every day has increased by almost 56% as buyers jumped in after the latest banking news. Ripple’s XRP hit a high of $2.3 during the day’s trading, showing its value had increased.
As people bought, the charts for the next 24 hours, 7 days, 30 days, and 1 year went green. The alternative coin could start a rise to $2.80 or $3.
Due to the rise in call strikes, a price goal of $3 seems reasonable, but $4 seems too high. The upbeat mood means we must wait and see how high XRP could go this month.
