Crypto Bulls Bet On XRP’S Price Hitting $5

2025-03-05 03:20:36

(MENAFN- Yolo Wire) A growing number of crypto bulls are betting that the price of the XRP (CRYPTO: $XRP) token will hit $5 U.S. in coming months.

Currently $5 U.S. call options on XRP are the biggest bet taking place on %Deribit , a leading %Cryptocurrency futures and options exchange.

The bullish bets come despite an ongoing decline in the crypto market, including for XRP.

The price of the payments-focused Cryptocurrency peaked at $3.40 U.S. this January but has since fallen nearly 30% to currently trade right around $2.50 U.S.

Nearly $4 million U.S. worth of call options focused on XRP’s price reaching $5 U.S. have been placed, according to Deribit.

Call options are bets that a security’s price will rise within a specified period of time.

Bullish call options related to other cryptocurrencies such as %Bitcoin (CRYPTO: $BTC) and %Ethereum (CRYPTO: $ETH) have also been rising following a steep selloff in digital coins and tokens.

XRP is the cryptocurrency of %RippleLabs , a U.S.-based technology company that offers enterprise blockchain products on the XRP Ledger and other digital networks.

The price of XRP has risen 317% over the last 12 months to trade at $2.48 U.S. per token.

MENAFN05032025007606016353ID1109281724

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.