$XRP Options Traders Show Extreme Bullish Sentiment

Recently, Coinbase Markets observed an extreme bullish skew in XRP options. This phenomenon suggests that traders are paying a premium for exposure to potential upside in the price of $XRP.

The one-week 25-delta call-minus-put skew has climbed to 9.3 volatility points, placing it in the 95th percentile. Historically, such high readings have been rare.

This reading essentially indicates that demand for comparable calls has rarely been this strong relative to puts. Coinbase Markets noted that $XRP options are leaning toward upside convexity.