Crypto
XRP Options Surge to Bullish 95th-Percentile Reading
XRP options have flipped to one of the most bullish short-dated setups in the current cycle, according to Coinbase Markets.
The exchange reported that the one-week 25-delta call-minus-put skew has climbed to 9.3 volatility points, a 95th-percentile reading.
This means that the market is paying a premium for sharp upside exposure, not just hedging a drop.
The options flip arrives after XRP's recent move, which saw spot recover toward the mid-$1.50s after touching lows near $1.39.