XRP Dominates Crypto Volatility Bets With Record-Breaking Implied Move

The cryptocurrency market's biggest volatility bet is currently XRP, according to Coinbase Markets. The data shows that crypto options imply a one-standard-deviation move of roughly 8.9% for $XRP through Sept. 27. This surpasses Solana at 8.0%, Ethereum at 6.9%, and Bitcoin at 5.0%.

This expected move is significantly higher than XRP's historical median seven-day move of about 5%. It has the widest volatility premium among the four major cryptocurrencies tracked by Coinbase.

An 8.9% move would correspond to approximately $1.37 on the downside or $1.64 on the upside if applied symmetrically to the spot price of $1.51.