XRP Surges as Top Target for Short-Term Volatility Bets Among Major Cryptocurrencies

XRP has emerged as a major target for short-term volatility bets in the options market among major cryptocurrencies, according to recent data.

A report from U.Today on September 21 found that Coinbase Markets put XRP's expected move at about 8.9% through September 27, higher than Solana's 8.0%, Ethereum's 6.9%, and Bitcoin's 5.0%

This means XRP has the widest volatility premium among these four major cryptocurrencies tracked by Coinbase.

The expected move corresponds to about $1.37 on the downside and $1.64 on the upside, based on a spot price of $1.51

Futures trading volume for XRP at CoinGlass showed over $6.8 billion in trades over the past 24 hours, with open interest rising to around $3.56 billion