XRP Options Skew Soars to 95th Percentile Amid Bullish Demand

Coinbase Markets has detected extreme bullish demand in XRP options, as traders are paying an unusually steep premium for upside exposure.

The one-week 25-delta call-minus-put skew for XRP has climbed to 9.3 volatility points, which is the strongest bullish skew seen in the market over the past year and sits in the 95th percentile.

This means that demand for comparable calls has rarely been this strong relative to puts, according to Coinbase Markets. They noted, 'XRP options are leaning toward upside convexity.'

The metric measures whether traders are paying more for upside or downside options by comparing the implied volatility of one-week XRP calls with that of comparable one-week puts at the 25-delta level.