Deribit Data Shows XRP Calls With $5 Target Are Surging

Data shows that XRP calls with a $5 price target are surging in terms of volume and open interest, with the $5 call being the second most traded XRP option in the last 24 hours with 1.7 million contracts traded. (One contract represents 1 XRP). In addition, the $5 call is the most popular out-of-the-money or higher strike call option with a notional open interest of $1.25 million, according to Deribit data.