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Deribit Exchange Sees $416K in XRP Options Premiums as Price Surges 12%
Deribit Exchange Sees $416K in XRP Options Premiums as Price Surges 12%
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Deribit exchange News -
XRP surged 12% in the past 24 hours, outpacing Bitcoin and Ethereum, as traders deployed the long straddle strategy in anticipation of heightened volatility. The rally lifted XRP to $3.32, its highest level since late July, reflecting renewed institutional and retail interest.
Deribit saw block trades exceeding $416,000 in premiums for XRP options at $3.20 and $3.10 strikes. The long straddle—simultaneous call and put purchases—signals expectations of major price movement, though direction remains agnostic. Legal developments around Ripple may have contributed to bullish sentiment.
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