XRP Price Prediction: XRP Surges 2% As Bullish Bets Rise on ETF Hopes and Ripple’s Bank License Move

The XRP price has surged 2% in the last 24 hours to trade at $2.29 on a 5% drop in the daily trading volume to $3.62 billion

XRP Price Surges As Traders Bet on ETF Approval

The XRP price jump comes as traders in the Deribit options market show more bullish bets. Since July 1, the most popular trades have been call options with strike prices of $3.00 and $4.00 expiring on July 25, and a $2.80 strike call expiring on September 28, according to Amberdata.

Call options give buyers the right to purchase XRP at a set price in the future, showing they believe the price will rise. For example, those buying the $3 call expect XRP’s price to climb above $3 by July 25.

The $3 call has also recorded the largest increase in open interest, showing that more active contracts are being added, a clear sign of growing market confidence.

Supporting this price rise, open interest (OI) in XRP derivatives has jumped significantly, up 11% in the last 24 hours and 30% over the past 10 days, reaching $4.75 billion. Rising OI alongside price typically reflects increased participation from institutional investors, which tends to boost liquidity and attract more capital.

The rise also followed good news, including Ripple applying for a U.S. banking license, approval of a Grayscale crypto fund as a spot ETF, and a new partnership with OpenPayd. Hopes for an XRP spot ETF also boosted confidence.

XRP Price Signals A Recovery, But Key Resistance Ahead

The XRPUSDT trading pair indicates an early sign of a potential recovery as the price forms a rounded bottom pattern on the daily chart.

The cryptocurrency is currently trading at $2.25, down 0.32% on the day, but technical indicators and chart patterns suggest bullish momentum could be building. The chart also reveals a clear support level around $1.90, which has held firm over the past few months.

Key resistance lies around the $2.60 to $2.80 zone. A breakout above this level could pave the way for a stronger rally. However, XRP faces significant overhead supply, including a marked Order Block (OB) and areas of previously untapped sell-side liquidity, which may act as short-term barriers.

The Relative Strength Index (RSI) currently sits at 54.70, indicating neutral to slightly bullish momentum. Importantly, the RSI has risen above the midline of 50, hinting at improving buyer strength but not yet in overbought territory.

If XRP maintains its trajectory along the curved yellow path shown on the chart, traders could anticipate a retest of the resistance zone near $2.60. Failure to break above this level may result in a pullback toward the $2.00 to $2.10 support area.