XRP is currently trading near a significant supply zone that has limited its upward movement for over a year. The options market for XRP on Deribit has shown increased bullish sentiment, with 90 cents call options being the most popular, totaling over 5.6 million contracts valued at approximately $3.6 million. The majority of this open interest is focused on a November 29 expiry. A call option at this strike price indicates bets on XRP surpassing that level. Additionally, there is notable open interest in higher strike call options set to expire on December 27, suggesting expectations for a continued rally. As XRP trades close to 65 cents, a critical resistance level, a breakout above this zone could unleash upward momentum, potentially pushing prices towards 90 cents to $1.00.

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