XRP's Options Market Surges Amid Seller Exhaustion

XRP's price has been consolidating above the $1 floor, a level that sellers failed to break in June. Analyst Darkfost notes that the absence of large inflows to Binance reflects the lack of strong selling intent among holders.

Options open interest surged nearly 24 times to $58.39 million as volume jumped 197%, indicating hedging rather than directional conviction. Longs absorbed most of the $2.70 million in total liquidations over 24 hours, with $2.65 million being long liquidations.