XRP Traders Go All-In on $1.10 Target as Call Options Surge

XRP's price has remained relatively stagnant at $0.5684, despite a broader crypto market increase of 1% over the last day.

The digital asset has seen significant gains in recent weeks, with a 13.5% climb over the past week and a 7% rise month-over-month. However, its year-on-year performance lags behind, down by 10%

Ripple's settlement with the SEC for $125 million was expected to boost the price, but it has not had the desired effect so far.

The real story lies in the surge of call options on Deribit, a crypto derivatives exchange. A massive spike in bets targeting a strike price of $1.10 suggests that traders are expecting a significant upward move.