XRP Options Market Soars to Unusually Bullish Levels

XRP's options market is flashing a bullish signal, according to Coinbase Markets. The exchange reports that XRP's one-week 25-delta options skew has reached an unusually high level of 9.3 volatility points, placing it in the 95th percentile of historical readings.

This indicates a widening gap between calls and puts, with traders showing a stronger appetite for upside exposure than downside protection. In other words, demand for bets on XRP rising is currently outpacing demand for comparable downside protection.

The shift in options sentiment follows XRP's price rebound, which has seen the token gain nearly 14% over the past seven days. This increased interest in XRP's potential upside could be a sign of growing expectations for a potentially explosive price move.