Derivatives activity for XRP shows a notable rise, indicated by increased call options interest. The put-call ratio below 1 suggests traders favor calls, signaling bullish market sentiment.
Open interest for XRP options has tripled, hitting 7.6 billion USD, which reflects heightened market activity and anticipation of price movements, highlighting the traders’ expectations.
The discussion around a potential XRP ETF approval is driving market optimism. Analysts believe it could lead to significant institutional investments, elevating XRP’s price levels.