The Ripple (XRP) Bulls are aiming for a $3 target as the $2.80 call strike option and a $3 call strike option are on the rise. Latest bank developments support dramatic price increases, and bulls are making the most of the situation. The latest report shows that data from Deribit Amberdata also shows that call options on Strike have reached $4, with an expiration date of September 28, 2025.
The $3 strike call saw 2 million contracts change hands, but most sellers make $2.80 calls. For beginners, the call option allows the buyer to have the right to purchase the property at a given event price at a later date. Increased confidence and increased risk to bidders represent Ripple’s bullish view of XRP.
Ripple Bulls pushing XRP over $3
Options contracts emphasize traders’ optimism. It allows you to see the rally and climb beyond the $3 mark. A week ago, Ripple’s XRP traded daily at $2.7 billion. On Thursday, the same hit a $4.2 billion high, igniting a 56% surge in daily trading volume. Major Altcoin surged nearly 5% on Thursday, attracting massive purchase pressure from retail and institutional investors.
That daily trading volume skyrocketed nearly 56% as traders acquired entry positions after the latest bank development. Ripple’s XRP touched on a $2.3 high during the trading session of the day, so its value is reflected in its value. All of the 24-hour, 7-day, 30-day, 1-year charts were turned green along the way as the purchases were. Altcoin kicks off the rally and can continue to move forward to $2.80 and $3.
The $3 price target seems feasible due to an increase in call strikes, but $4 looks overdue. Due to bullish sentiment, we need to wait this month to see how high XRP surges.
