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Deribit Exchange Data Shows XRP Options Frenzy as $3 Calls Dominate Trading
Deribit Exchange Data Shows XRP Options Frenzy as $3 Calls Dominate Trading
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Deribit exchange News -
XRP surged over 3.5% in 24 hours as derivatives activity and regulatory Optimism fueled bullish sentiment. Deribit data reveals aggressive buying of $3 and $4 call options expiring July 25, with open interest doubling since July 1. Bloomberg analysts peg SEC approval odds for a spot XRP ETF at 95%, while Ripple's national banking license application adds institutional credibility.
The $3 strike price dominates options volume, with market makers taking the short side against retail buyers. September's $2.80 calls show concentrated selling activity, suggesting traders anticipate higher near-term targets. This derivatives frenzy coincides with growing conviction that XRP could breach $3 before July expiry.
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