- XRP options open interest nears $100M amid rising volatility.
- Bullish bets dominate as traders favor XRP call options heavily.
- Implied volatility pushes XRP ahead of BTC, ETH, and SOL.
Open interest in XRP options has surged sharply, closing in on the $100 million mark on Deribit. The latest figures show that notional open interest reached $97.97 million on July 8, just short of the $102.3 million high recorded in June.
This rise marks a 38 percent increase in just two weeks, signaling renewed interest in XRP’s short-term trading opportunities. Higher contract volumes, ranging from 26 percent to 42,414 contracts, have buttressed the increase. Every contract equals 1,000 XRP, which highlights the scope of constant speculative activity.
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Implied volatility has been a dominant participant in this trend as traders seek to exploit high-reward situations. Lin Chen, Head of Asia Business Development at Deribit, said XRP has shown higher implied volatility compared to Bitcoin, Ethereum, and Solana and is now the highest-ranked option on the radar.
Numerous investors are selling cash-secured puts with stablecoins in the event of purchasing XRP at reduced prices. The high premium level is its advantage, and the present options environment should be appealing to institutional and retail participants.
Moreover, XRP commanded technical strength by closing above its 20-week moving average. This signal reinforced the bullish mood and helped increase derivatives market participation.
Bullish Momentum Builds as Traders Favor Call Options
Sentiment within the XRP options market has turned strongly bullish, as evidenced by the put-call ratio. According to the Amberdata, more than 30 million call options are open against 11.92 million puts. The 0.39 ratio obtained means a distinct direction in favour of upward exposure.
The risk reversal measures based on various expiry dates also show bullish expectations. Exchange traders are also betting on rallies by making near-term and long-term contracts that will expire in August and September.
Having gained over 300 percent this year, XRP has further cemented its popularity among options participants. Coupled with the technical power in the recent past and the increasing number of institutions showing curiosity in the token, the token still enjoys a leading position in the derivatives trade.
XRP’s derivatives market is experiencing rapid growth, with bullish bets pushing open interest close to $100 million. The ongoing momentum suggests traders remain confident in XRP’s short-term price potential.
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