Coinbase: XRP Traders Anticipate Large Move This Week

XRP traders are bracing for significant price action over the next week, according to fresh data from Coinbase Markets. The exchange analyzed options prices and found that XRP's implied seven-day move is unusually large.

Coinbase compared the current options-implied move with each cryptocurrency's historical median move. XRP showed the biggest gap, with its current move being 1.54 times its historical median.

The exchange explained that a higher implied-volatility reading means traders are willing to pay more for options protection or speculation. If XRP moves only about as much as it normally does, while options were priced for a substantially larger swing, volatility buyers could end up overpaying.