$XRP Is XRP ready for a major move? What to expect as market signals align?

Ripple [XRP] recorded a significant transfer of 29.5 million tokens worth over 69 million dollars to Coinbase, which could indicate strategic accumulation rather than selling pressure.

Both public sentiment and smart money sentiment remained optimistic, with sentiment scores of 1.10 and 0.39 respectively, reflecting growing confidence in the market.

Additionally, the Weighted Sentiment soared to 0.36, its highest level in weeks. Therefore, despite the large transfer, the market maintained its confidence in XRP's prospects and could be positioning itself for further growth.

Derivatives data reflected increasing interest in exposure to XRP. Futures volume rose by 10.66% to 9.51 billion dollars, while open interest increased by 8.90% to 4.8 billion dollars, suggesting new capital inflows.

More notably, options activity surged, with a volume increase of 450.31% and an open interest rise of 480.41%. This strong uptick in speculative bets indicates that traders are increasingly positioning themselves for a potential breakout.

Thus, the derivatives landscape supports the bullish sentiment observed among the crowd and in smart money indicators, reinforcing the likelihood of prices continuing to rise.

The price of XRP is entering a critical region populated with clustered liquidation levels between $2.40 and $2.48.

The Binance liquidation heatmap showed significant leverage accumulated in this area, which could act as a magnet for price movement.

If the buying momentum persists, a short squeeze could occur, further driving an upward breakout.