XRP Derivatives Surge with Notable Futures and Options Activity
- Total open interest (OI) for XRP futures is approximately $7.64 billion across various platforms.
- The notional amount of XRP futures stands at roughly 2.66 billion XRP.
- Options activity shows a concentration of calls in the $3–$4 range, indicating bullish sentiment.
- Spot prices for XRP are hovering near a pivotal $2.90 mark.
This week’s derivatives activity highlights a strong focus on XRP, with significant open interest and options positioning suggesting potential price movements towards the $3–$4 range. The substantial futures OI indicates continued investor engagement in this asset class.
With total futures OI reaching around $7.64 billion, the market shows robust interest in XRP derivatives, supported by both futures and options activity focusing on higher price targets. (Source)
