Crypto
XRP Options Market Hints at Large Price Move This Week
Ripple's XRP has been showing a strong trend in its options market, indicating that traders are expecting a large price move this week.
A recent report from Coinbase Markets states that XRP is reflecting the biggest volatility premium among major cryptocurrencies over the next seven days.
The data shows that XRP's options-implied seven-day swing is 1.54 times its historical median weekly move, while Bitcoin's is 1.50 times and Ethereum's is 1.45 times.
This means that traders are paying a higher premium for hedging or speculation on XRP's price movement, which could be linked to expectations of an upside breakout.