Despite growing anticipation for a potential XRP spot ETF, mirroring the paths of Bitcoin and Ethereum, the options market paints a different picture. Recent analysis reveals a surge in bearish sentiment surrounding XRP, with traders increasingly betting on a price decline. According to a CoinDesk report citing data from Amberdata, XRP-linked put options on Deribit are commanding higher prices than call options. This pricing disparity indicates that traders are more inclined to expect a downward trajectory for XRP's price. Further solidifying this bearish outlook is the negative put option skew, reflecting a higher demand for put options. This signifies that traders are actively hedging against potential losses and preparing for a possible price drop in XRP. While the future remains uncertain, the current options market dynamics suggest caution for XRP investors. This could be due to various factors including regulatory uncertainty or profit taking. ```