3 -dollar bets came to the fore in XRP: Is the bull signal coming?
The XRP attracts investors with its $ 3 Call options in the option market. According to Deribit data, the purchase -oriented transactions increased, while the XRP/BTC parity was also up to a technical “Wedge” formation. Spot XRP ETF expectations and Ripple's bank license application also increase market excitement.
Option volume in the XRP market at the summit: Is it towards $ 3?
The XRP increased over 3.5 %in the last 24 hours. At the same time, an important volume in the option market attracted attention. According to Deribit data, the $ 3 Call options of July 25 were the most traded contracts. These purchasing -oriented transactions show that investors have a strong expectation that the price will exceed $ 3.
The fact that the purchase of 2 million XRP Call options has been realized in the last 24 hours shows that the bull tendency is reflected in the option market. In the same period, it was a weight selling director in operations for $ 2.80 options.
🏦 Bank License move from Ripple
Ripple CEO Brad Garlinghouse announced that the company has applied to the US Currency Supervision Office (OCC) for a national bank license. If the application is approved, Ripple will be subject to both federal and state -based inspections. This can pave the way for Ripple to become a more reliable player in the stablecoin market.
📊 Technical breakdown in XRP/BTC parity
The price of XRP against Bitcoin (XRP/BTC) also gives technical positive signals. According to Binance data, a falling “Wedge” formation is broken upward. This technical structure is usually considered as trend return.
Although 50-, 100- and 200-day moving averages still point to the downward trend, the breaking of the Wedge formation strengthens the possibility of a rally.
