The bullish momentum behind Ripple (XRP) is gaining traction, with traders setting their sights on a $3 price target. Surging optimism in the derivatives market and favorable banking sector developments are fueling this rally.
Key Market Indicators
Call Options Demand:
- Premiums for $2.80 and $3 call options have risen sharply.
- Over 2 million contracts for $3 calls were traded, though sellers show preference for $2.80 strikes.
- $4 call options now expire on September 28, 2025, per Deribit and Amberdata reports.
Trading Volume Spike:
- XRP’s daily trading volume jumped 56%—from $2.7 billion to $4.2 billion—in just one week.
- The altcoin’s price climbed 5% during Thursday’s session, attracting retail and institutional buyers.
👉 Why XRP’s banking sector ties could redefine its valuation
Price Analysis and Projections
- Short-Term: XRP tested $2.30 during peak trading hours, with charts showing upward trends across all timeframes (24h, 7D, 30D, 1Y).
- Critical Resistance Levels: Analysts highlight $2.80** and **$3 as the next targets, with the latter appearing increasingly achievable.
- Caution: While $3 seems plausible, the $4 target remains overly optimistic unless sustained bullish catalysts emerge.
FAQs
Q: What’s driving XRP’s sudden trading volume surge?
A: Banking sector developments and heightened demand for call options have amplified trader confidence.
Q: Are $3 calls a safer bet than $4 calls for XRP?
A: Yes. The $3 strike aligns with current momentum, whereas $4 calls lack immediate fundamental support.
Q: How do call options work for XRP?
A: They grant buyers the right (not obligation) to purchase XRP at a fixed price by a future date, profiting if prices exceed the strike.
👉 Explore XRP trading strategies for volatile markets
Outlook
With bullish sentiment dominating, XRP could soon challenge its $3 resistance. However, traders should monitor macroeconomic factors and regulatory updates that may impact this trajectory.
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