XRP Market Dey Face Govment Eye, ETF Hopes and Mix Technicals Dey Push Bullish Options Activity
Ripple XRP don get plenty eye-mark from crypto traders now, as di goment mata and market goings-on dey meet. Before, XRP get kasala as Ripple say make U.S. SEC no dey see am as security for secondary market. Hopes for goment mata increase when SEC gree check WisdomTree plan for spot XRP ETF, wey fit make dem list am for Cboe BZX Exchange. This one, plus wetin Ripple dey do for court and di fact say XRP don dey for long time and get big market value, make pipu believe say e go fit enter U.S. goment market well well and plenty big big companies go use am. But even with all dis goment progress, di joy no make di price jump up sharp sharp. For technical side, XRP enter small small trading range and form "falling wedge", wey mean say price go soon go up, as e hold ground near $2.08 and di main resistance be $2.37. For recent happenings, di monthly chart close with doji candlestick wey get long top tail, wey show say market no sure wetin to do and di bull fit don tire after e climb to $2.65 before. Even with mixed technical signs, pipu wey dey trade options still get strong belief say price go go up, with plenty open interest for higher-strike calls ($2.60, $3.00, $4.00) mostly for Deribit. Over 95% of di monthly XRP options, wey be like $65-70 million, dey trade for there. Di bullish options activity still dey increase because pipu dey expect ETF more and Ripple dey position XRP as global B2B payment solution for market wey fit reach $50 trillion by 2031. So, if we join goment optimism, active derivative markets, and pipu wey like to gamble, traders suppose dey watch both legal and technical mata for XRP price wey fit shake.
Bullish
Even though technical signals no dey too clear, XRP still get strong bullish feeling for di options market—especially as plenty open interest full for higher-strike call options for big platforms like Deribit. Di way dem dey expect SEC to approve spot XRP ETF and Ripple continuous work to make XRP di main solution for international B2B payments dey give am extra push up. History don show say ETF approval gist and clear regulatory status usually make both plenty speculative money and big company money enter, wey fit make price go up well well. Even if short-term technicals dey show small indecision and possible exhaustion, di strong derivatives activity plus wetin dem dey do for regulation dey point to overall bullish outlook for XRP, especially if positive legal and ETF decisions happen.