Analysis: Deribit options market shows investors are not optimistic about XRP's near-term price action

Odaily News XRP could be the next cryptocurrency to list a spot ETF in the U.S., following Bitcoin (BTC) and Ethereum (ETH). However, the options market listed on Deribit is not optimistic, with put options tied to XRP higher than call options in multiple time periods. Put options typically provide insurance against price declines, and traders buy put options when they seek to hedge or profit from an expected price drop. However, compared with Solana's SOL and other tokens, XRP's order book depth is relatively good, meaning it can easily complete large order transactions at a stable price. (CoinDesk)