<ul><li>Despite a 34% drop in XRP price, traders are holding firm with a $5 call option dominating Deribit’s market at $4 million.</li><li>Many traders are using a strategy called covered calls, selling high-level out-of-the-money (OTM) calls while holding XRP to collect premiums and hedge risks.</li><li>Analysts predict a potential 60-84% surge in XRP price due to bullish technical signals, breakout from a descending trendline, and consolidation within a bullish pennant pattern.</li><li>For XRP to hit $5, a successful push beyond $3.50 is needed, maintaining the price above $2.50 and breaking resistance levels.</li></ul>

XRP Price Target: Millions Wager on $5—What’s the Catch?

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