XRP's options market on Deribit is showing increased bullish enthusiasm among traders. Currently, the popular call option at 90 cents has more than 5.6 million contracts worth $3.6 million actively open, particularly focused on the Nov. 29 expiry.

A call option implies a bet that prices are set to rise above the designated level. When buying a call, the holder gains the right—but not the obligation—to buy the underlying asset at a determined price on a future date, indicating an optimistic market stance.

Notably, there’s significant open interest observed in call options set at $1.00 and $1.10, expiring on Dec. 27, suggesting a belief in continued upward momentum into the year's end.

At the moment, XRP is trading at approximately 65 cents, marking a key resistance point that has kept selling pressure alive since October 2023. If this resistance breaks, the resulting surge could push the price swiftly towards 90 cents to $1.00.