According to Greeks.live, traders have been advised to focus on XRP ITM call options over the weekend. As of January 11, 2025, the cryptocurrency market has shown significant interest in XRP, with its price moving within tight ranges, indicating potential breakout scenarios. The source indicates that XRP has been trading at approximately $0.50, showing a slight upward movement from its previous close. The recent trading volumes have been substantial, with an average daily volume of 2.3 billion XRP tokens, highlighting increased trader activity over the past week. These figures suggest a growing interest in XRP as traders anticipate potential price increases.

The implications of these movements for traders are significant. The increased interest in in-the-money (ITM) call options for XRP suggests that traders are positioning themselves for potential upside gains. The source indicates that the current options market shows a skew towards call options, with a notable open interest at the $0.55 strike price, expiring at the end of the month. This indicates market sentiment leaning towards a bullish outlook. Additionally, monitoring the implied volatility, which stands at 65%, provides insights into market expectations of future price movements, further supporting the strategic positioning in call options.

Technical indicators such as the Relative Strength Index (RSI), currently at 60, point towards a bullish momentum. Moreover, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, which occurred on January 10, 2025. This technical setup aligns with the increased trading volumes, suggesting that traders are optimistic about XRP's short-term prospects. The Bollinger Bands also indicate a tightening range, which often precedes significant price movements. According to Greeks.live, these technical indicators, combined with the market's trading volumes and options data, provide traders with a comprehensive outlook on XRP's potential price trajectory.