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Traders locked in more than $2 million in a $1.10 XRP call option listed on Deribit, the highest of all maturities available. The strong open interest in the nascent XRP options market likely reflects optimism about the ETF. Deribit's nascent XRP options market is seeing a surge in activity, particularly on the $1.10 call option, which is a bet that prices for the payments-focused cryptocurrency will double by the end of the month. At the time of writing, the XRP $1.10 call option expiring on August 28th had open interest of 4,347,000 contracts valued at $2.44 million

I'm not good at this, but I find this information interesting.🎭

travel, athlete, love learning, stock market, crypto

apparently they are trying to make money on it)

Optimism is high in the XRP options market, with traders locking in over $2 million on the $1.10 call option. This surge in activity indicates bullish sentiment towards the payments-focused cryptocurrency, possibly driven by expectations surrounding the ETF. Keep an eye on how this plays out as the August 28th expiration date approaches.