An increasing number of cryptocurrency investors are betting that the price of the XRP token will reach $ 5 in the coming months.
Currently, $ 5 call options on XRP are the biggest bet that takes place on Deribit, an exchange of future and leading cryptocurrency options. Haussiers bets despite continuous volatility on the cryptography market, including XRP.
The price of XRP, a cryptocurrency focused on payment, culminated at $ 3.40 in January and has since dropped by almost 30% to exchange around $ 2.50. According to Deribit, nearly $ 4 million in purchase options focused on the price of XRP reaching $ 5 have been placed.
Paris Haussiers
The appeal options are bets according to which the price of security will increase within a specified period. Haussier call options linked to other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) also increased following a steep sale of digital parts and tokens.
XRP is the cryptocurrency of Ripple Labs, a technological company based in the United States which offers company blockchain products on the Book XRP and other digital networks. The price of XRP has increased by 292% in the past 12 months to negotiate $ 2.49 per token.
Is XRP a purchase?
Most Wall Street companies do not offer notes or price objectives on XRP, so we will consult the three -month performance of the crypto. As can be seen in the graph below, the price of XRP decreased by 1.40% in the last 12 weeks.
