XRP News Today: XRP Options Volume Surges 450.31% Amid Bullish Sentiment

XRP has seen a significant surge in options volume, increasing by 450%, which, along with positive sentiment and Network Value to Transactions (NVT) signals, suggests an upward trend. This surge in options volume indicates that traders are positioning for a potential breakout, aligning with the bullish sentiment observed in both crowd and smart money indicators.

Recent data shows a major transfer of 29.5 million XRP tokens, valued at over $69 million, to Coinbase. Despite this large transfer, the market sentiment remains bullish, with sentiment scores of 1.10 for the crowd and 0.39 for smart money. The Weighted Sentiment has also surged to 0.36, its highest level in weeks, indicating growing market confidence in XRP’s outlook.

Derivatives data further supports this bullish sentiment. Futures volume has increased by 10.66% to $9.51 billion, while Open Interest has risen by 8.90% to $4.80 billion. This suggests fresh capital inflows into the market. Additionally, options activity has exploded, with volume surging by 450.31% and options Open Interest spiking by 480.41%. This sharp rise in speculative bets indicates that traders are increasingly positioning for a potential breakout.

XRP’s price is currently pushing into a critical region with clustered liquidation levels between $2.40 and $2.48. The Binance liquidation heatmap shows significant leverage stacked in this zone, which could act as a magnet for price movement. If buying momentum persists, a short squeeze may occur, further fueling an upward breakout. The current price path appears to be guided toward highly leveraged territory, raising the probability of increased volatility and a rapid move if resistance gets invalidated.

XRP’s Network Value to Transactions (NVT) ratio has dropped by 21.02% in the past 24 hours to 148.7, indicating a significant increase in on-chain transaction volume. This decline implies improved utility and healthier network activity relative to its market cap. Typically, a lower NVT is interpreted as the asset being undervalued, particularly when paired with positive price sentiment. This on-chain trend further supports the narrative that the recent whale inflow might be a repositioning move rather than a sell-off.

Technically, XRP is on the verge of breaking out from its descending channel that has held since February. The price has steadily climbed, now hovering just below the $2.48 resistance level. At the time of writing, XRP was trading at $2.38, posting a 1.44% gain in the past 24 hours. The next key levels to watch are the resistance at $2.48 and support at $2.31. A confirmed breakout above the upper trendline could trigger fresh bullish momentum and invalidate the mid-term bearish setup.

With bullish crowd sentiment, rising derivatives exposure, increased transaction activity, and a critical technical structure in play, XRP appears to be aligning for a potential breakout. If the $2.48 resistance is breached, momentum could escalate quickly, supported by both speculative demand and improving fundamentals.