Derivatives exchange Deribit has reported a surge in XRP options activity, with traders heavily positioning themselves ahead of the March 28 expiry. This trend suggests that market participants anticipate a significant price movement in the coming days.
Bullish Sentiment Dominates Open Interest
A notable increase in in-the-money (ITM) call options highlights prevailing optimism among XRP traders. This pattern indicates that many investors are expecting the token to trade above key strike prices by the expiration date, positioning themselves to lock in potential profits.
$XRP is holding steady at $2.48, up 6.38% today. Options traders are piling into the March 28 expiry, where ITM calls are leading open interest.
With the SEC out of the picture now, what do you think is next for XRP? pic.twitter.com/8x1cpv33vx
— Deribit (@DeribitOfficial) March 20, 2025
The options market data reveals a substantial spike in ITM contracts, reinforcing the belief that XRP may experience heightened volatility before the end of March. If these options are exercised, the resulting buying pressure could further influence the asset’s price dynamics.
Price Fluctuations Amid Market Anticipation
XRP experienced a sharp rally, reaching an intraday high of $2.59 on Wednesday before retracting to $2.43 later in the day. This price movement reflects the ongoing tug-of-war between bullish momentum and short-term profit-taking.
Regulatory Clarity Fuels Confidence
Ripple CEO Brad Garlinghouse has underscored the significance of the SEC’s decision to drop its appeal, stating that it provides greater certainty for the company. This development has strengthened investor confidence in XRP, eliminating a long-standing regulatory overhang.
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Ripple’s XRP Holdings and Future Strategy
Ripple still retains approximately 42% of XRP’s total supply, a factor that continues to influence market sentiment. Garlinghouse has also hinted that the company may scale back its XRP sales in the future, a move that could impact the asset’s supply dynamics over time.
What Lies Ahead for XRP?
With the SEC no longer a barrier, XRP’s trajectory will now depend on broader market forces, investor sentiment, and technical factors. As the March 28 options expiry nears, traders will be closely watching whether XRP can maintain its momentum or if another wave of volatility awaits.
The coming weeks could prove pivotal for XRP, as heightened derivatives activity suggests that major players are bracing for a decisive price movement.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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