XRP's nascent options market is signaling bullish sentiment, particularly with the 90 cents call option showing over 5.6 million active contracts and concentrated open interest.
The current price of XRP is around 65 cents, a critical resistance level that, if surpassed, could result in a price rise towards 90 cents to $1.00.
Notable open interest in call options at $1.00 and $1.10, expiring on Dec. 27, suggests traders anticipate continued bullish momentum heading into year-end.
XRP is nearing a significant supply zone, which has traditionally restricted its upside, indicating that a breakout could unleash substantial upward movement.
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