A major XRP holder has placed a $224,000 options bet that XRP's price will remain stable and range-bound through the end of June 2026, rather than rallying or crashing. This contrarian strategy, likely involving selling options on both sides of the price, signals confidence in low volatility despite widespread bullish predictions for XRP's price surge. The bet suggests near-term catalysts like ETF approvals or partnerships may already be priced in, indicating a market settling into equilibrium. If correct, momentum traders could face a frustrating period of sideways price action until summer ends.
A large trader placed a $224,500 bet using a "short strangle" options strategy on Deribit, expecting XRP's price to remain close to $1.40 until June 26. This bet profits if XRP stays within a narrow range, reflecting a wager on low volatility despite...
Ripple Prime announced a partnership with EDX Markets to provide unified access to spot and perpetual futures markets using the stablecoin Ripple USD (RLUSD) as the primary settlement asset. This move caters to institutional investors like Citadel Se...
ETF demand in crypto highlights two key altcoins: Solana (SOL) and XRP, each benefiting differently. SOL, linked to a broad smart contract ecosystem with staking and DeFi, may see stronger price gains from ETF inflows driven by growth narratives. XRP...
Ripple's XRP token is trading around $1.37 after stabilizing near $1.35 support, following a rejection at $1.50 earlier in May due to economic concerns like US inflation and geopolitical tensions. Exchange-traded funds tracking XRP have seen positive...
The U.S. Federal Reserve has proposed a new "payment account" framework, known as skinny master accounts, to allow crypto and fintech firms direct access to its payment and settlement systems. This move could benefit companies like Ripple, Circle, an...
