Deribit data shows that XRP calls with a target price of $5 are surging in terms of volume and unpositioned squaring contracts. The $5 call is the second most traded XRP option in the past 24 hours, with 1.70 million contracts traded. (One contract represents 1 XRP). In addition, Deribit data shows that the $5 call option is the most popular call option with an out-of-the-money or higher strike price, with a nominal unpositioned squaring contract of $1.25 million.