cryptofamily

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

Looks like traders are feeling bullish on XRP! The excitement around the ETF is really stirring things up in the options market—can't wait to see how it unfolds! 📈