XRP News Today: XRP Options Open Interest Surges 38% to $98 Million in Two Weeks

XRP’s derivatives market has witnessed a significant surge in activity, with open interest in options climbing towards $100 million. This development was highlighted in a recent post, noting that total notional open interest on Deribit reached $97.97 million on July 8, marking the highest level in over a year and just shy of the June 2024 record of $102.3 million. This increase represents a 38% jump in two weeks, driven largely by traders seeking to benefit from short-term price fluctuations. Contract volumes have also expanded, climbing 26% to 42,414 contracts, with each contract on Deribit representing 1,000 XRP, further underlining the scale of activity in recent weeks.

XRP options open interest has surged to nearly $98 million, the highest since August 2023. Traders are piling in as volatility spikes, with yields on short-term contracts drawing in speculators and yield hunters. A key factor behind the surge in XRP derivatives is the token’s elevated implied volatility. According to a report, XRP’s implied volatility has surpassed BTC, ETH, and SOL. The token’s annual return of more than 300% has also contributed to its growing appeal among options traders. High volatility raises options premiums, attracting traders who sell cash-secured puts while holding stablecoins to cover potential XRP purchases. Additionally, technical signals reinforce this sentiment, as XRP has just delivered a major technical signal by closing above its 20-week moving average.

Data from Amberdata shows that XRP’s 25-delta risk reversals are positive across multiple expiries, reflecting bullish sentiment. Currently, over 30 million call options are open compared to 11.92 million puts, resulting in a put-call ratio of 0.39. This skew toward call options suggests that traders expect further upward movement in XRP’s price or are hedging against potential rallies. The preference for bullish positioning has been consistent across both short-term contracts and those expiring in August and September. The growing interest in XRP options reflects a broader trend of speculative activity in the crypto derivatives market. As traders respond to volatility, open interest levels are approaching their previous highs. Broader market narratives support this bullish momentum, as a recent report outlined a historic lineup of bullish developments for XRP in 2025, including moves by Ripple on blockchain and regulatory fronts. For now, XRP remains one of the most active tokens in options markets, with heightened volatility and the anticipation of a breakout continuing to drive investor participation. The coming weeks could see further increases in open interest as traders seek to capitalize on rapid price movements and elevated premiums.