Crypto
Ripple Bulls Bet Big on XRP Reaching $1.10 Target
XRP is experiencing a surge in trading activity as bulls bet big on it reaching $1.10 soon.
The asset has been steadily climbing, with a 13.5% gain over the week and 7% monthly growth, but its year-on-year performance is down 10%. Ripple's recent settlement with the SEC for $125 million did not send prices soaring as expected.
The data from Deribit shows a massive spike in call options for XRP with a strike price of $1.10, with 4,452,000 open contracts targeting this price.