XRP takes 4% as the Mart’s options attract heavy interest calls

The retailers expect the price that the price of the KSRP to cross more, which led to more than 4% increase as many are buying options that benefit if the price remains above a certain level in March.

XRP (XRP) She climbed 4% to $ 2.41 on Friday, 21. March, because they focused traders on monetary calls, leading open interest. According to Deribit, options traders “pile up within 28. Marta, where ITM calls are the leading open interest.”

The title followed the announcement of the GraCle Garlinghouse announcement Brad Garlinghouse to discharge its appeal in many years of lawsuit against the company for securities and exchanges. In a x the postGarlinghouse said that the SEC decision to fall for the complainant means a turning point for the KSRP, and at the same time that the Commission still had to vote on it, leaving insecurity.

The legal battle was measured on the XRP from 2020. years, with many exchanges that dropped out of the token. Now it seems that the traders are betting on upside down. Despite the initial increase, some caution remains. As a cripto.news export Earlier, analysts indicate key support in the amount of 2,2653 USD, and the break below potentially signals the trend reversal. However, technical indicators suggest that further gains are possible.

The market also shows mixed signals. The data from coigsia shows that the debt / short ratio of the KSRP exceeds 1 on most of the exchange of derivatives, suggesting Bull positioning. But funding rates have become a negative, often a bear sign.

Earlier, Garlinghouse hinted more forward, mentioning the possibility of XRP ETF until the end of 2025. Years. In an interview with Bloomberg, Garlinghouse said the KSRP point of ETF approval is probably to the second half of 2025. Years.