XRP has surged over 3.5% in the past 24 hours, fueled by bullish sentiment in the options market. The most traded option is the $3 strike call for XRP, with 2 million contracts changing hands, reflecting strong investor optimism. Options data indicates significant buying activity, while investors lean towards selling less popular $2.8 calls. The rise in higher strike calls correlates with heightened expectations for a U.S. spot ETF for XRP, now estimated at a 95% approval probability by analysts. Additionally, XRP/BTC has broken out of a bullish falling wedge pattern, suggesting that a correction observed since April could be concluding, with renewed upward momentum anticipated. However, contradicting signals exist with the 50-day and 100-day simple moving averages trending downwards, although these lagging indicators may not overshadow the positive implications of the wedge breakout.

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