XRP $3 Bets Signal Explosive Bullish Sentiment Amid ETF Buzz and Chart Breakout
Let’s talk about XRP—because something big is brewing. If you’ve been watching the charts or the news even loosely, you’ve probably noticed the growing buzz surrounding XRP. And rightly so. XRP has surged over 3.5% in just the last 24 hours, and what's catching the market’s attention even more are the explosive bets being placed on its price hitting $3. The options market is lighting up, and the $3 strike call is the most traded. We’re talking about millions of contracts—over 2 million in the last 24 hours alone—being bought with confidence. That’s not noise; that’s serious investor conviction.
Now, to break it down, these are not just any speculative trades. These $3 call options expire on July 25, and buyers are betting XRP will break that level before then. That’s not far off, and the volume indicates strong short-term belief in an upward price movement. It’s also interesting that while people are piling into the $3 calls, they’re mostly selling the $2.80 calls—suggesting the market thinks $3 is more than just possible, it's probable.
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The confidence isn’t unfounded. Technically speaking, XRP is showing strength against Bitcoin (XRP/BTC). A falling wedge pattern on the daily chart has broken to the upside—a classic bullish signal. While some moving averages like the 50- and 100-day are still lagging and painting a cautious picture, the breakout suggests renewed bullish dominance. Remember, moving averages often confirm what price action has already hinted at. In this case, the breakout leads, and averages will likely follow.
Fundamentally, there’s even more to be optimistic about. Ripple, the company behind XRP, just applied for a federal banking license from the Office of the Comptroller of the Currency. If that’s approved, it would place Ripple under both state and federal oversight—an unprecedented level of regulatory clarity for a crypto firm. And that’s a big deal, especially in a climate where trust and regulation matter more than ever. Add to that the growing probability of a spot XRP ETF approval in the U.S.—analysts at Bloomberg now place the odds at 95%—and it’s no wonder traders are going bullish.
But of course, there are still key resistance levels. XRP is hovering around $2.27, and it’s been testing the waters above $2.30. The 200-day moving average around $2.36 is proving to be a psychological wall. However, with rising RSI and renewed market interest, the momentum could soon push through. And with volume picking up again after months of stagnation, that breakout might come sooner rather than later.
In the bigger picture, XRP remains in a long-term symmetrical triangle pattern, and while it still has room to consolidate, many believe a breakout is inevitable. If XRP maintains its current structure and bullish catalysts keep coming—such as global expansion, institutional adoption, or regulatory clarity—targets of $3.5 or even $4 in 2025 are not out of reach.
Bottom line: we’re seeing renewed energy around XRP, both in technical and fundamental terms. The $3 strike isn’t just a fantasy—it’s shaping up as a milestone that the market genuinely believes XRP can hit, and possibly exceed, in the near term. Keep your eyes on it.
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