🚀 XRP: Bullish bets on $3, ETF optimism and breakthrough against BTC
🔹 Options "explode": bet on $3 — trading leader
Investors are actively buying XRP call options with a strike price of $3 and $4 (expiration — July 25), as well as $2.80 for September. Just in one day, 2 million contracts traded at the $3 strike — mostly for purchase. This is a clear sign of market optimism.
🔹 Reason? Possible ETF launch
According to Bloomberg, the chances of approval for a spot XRP ETF from the SEC are currently estimated at 95%. It is almost a done deal. Ripple has also applied for a federal banking license with the OCC — another step towards institutionalization.
🔹 XRP/BTC: bullish wedge = signal of growth
On the daily chart of XRP/BTC — a breakout from a descending wedge, which technically means the end of the correction since April. Despite bearish signals from the 50-, 100-, and 200-day moving averages, the wedge itself is considered a more important reversal indicator.
📊 What does this mean?
— XRP is back in focus for major players
— The market is preparing for a new upward impulse
— If we break $2.50–$2.80, the target — $3+ already in July
⚠️ Risks: as long as the SMAs remain bearish, pullbacks are possible. But options, the wedge, and news from Ripple provide a bullish advantage.
