XRP Options Open Interest Reaches Peak Point. Here’s the Significance
2025-07-12 07:18:18
Main Idea
XRP options open interest has reached a peak, driven by increased trading activity and speculative interest, with market sentiment leaning bullish.
Key Points
1. XRP options open interest on Deribit reached $97.97 million on July 8, nearing the June 2024 record of $102.3 million, marking a 38% increase in two weeks.
2. XRP's implied volatility has surpassed BTC, ETH, and SOL, contributing to heightened trading activity and speculative interest.
3. Market sentiment is bullish, with over 30 million call options open compared to 11.92 million puts, resulting in a put-call ratio of 0.39.
4. The surge in XRP options reflects broader speculative trends, with potential for further increases in open interest in the coming weeks.
Description
XRP’s derivatives market is seeing a sharp rise in activity as open interest in options climbs toward $100 million. A recent CoinDesk post highlighted the development, noting that total notional open interest on Deribit reached $97.97 million on July 8. This is the highest level in over a year and just shy of the June 2024 record of $102.3 million. The increase represents a 38% jump in two weeks, driven largely by traders seeking to benefit from short-term price fluctuations. Contract volumes ha...
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