📈 XRP $3 Call Options Dominate Volume

XRP has climbed roughly 3.5% over the last 24 hours, drawing bullish signals in its options market .

The $3 strike call options for July 25 are now the most actively traded—these are primarily buy trades, signaling strong investor optimism that XRP will surpass $3 by late July .

Specifically, 2 million $3 call contracts were executed in the past day; meanwhile, the $2.8 calls saw mostly selling, indicating strategic positioning .

📊 Technical Picture: XRP/BTC Wedge Breakout Brewing

The XRP/BTC daily chart displays a bullish breakout from a falling wedge formation, despite mixed signals from some moving averages .

Falling wedges are typically bullish reversal patterns: the narrowing price action suggests selling pressure is drying up, often preceding a breakout .

Indicators like the RSI bounce from support (above the 40–50 zone) and early bullish candles (e.g., inverted hammer) add strength to the case .

🔍 What's Fueling This Momentum?

1. Options traders are heavily leaning toward a $3 rally by July 25, reflecting confidence in continued upside .

2. Ethereum-to-XRP spot ETF optimism: Bloomberg analysts rate the odds of an XRP spot ETF approval in the U.S. at 95%, boosting broader confidence .

3. Ripple’s strategic expansion: Ripple has applied for a national banking license with the U.S. Office of the Comptroller of the Currency, increasing institutional legitimacy .

🔮 Outlook & Risks

Bull Case Bear Case

Breakout above wedge → possible XRP/BTC uptrend → transfer to USD price strength Failure to break wedge → price consolidation or pullback

Strong options flow could translate to spot market support Options bets expire worthless if XRP stalls below $3 by July 25

Bottom line: The alignment of heavy bullish options activity, promising chart patterns, and positive institutional news—like ETF expectations and banking license pursuit—sets the stage for a potential rally beyond $3.