🚨 XRP Options Open Interest Nears $100M as Traders Hunt Yield Amid High Volatility

📈 Open interest in $XRP options on Deribit has surged to $98M, nearing the all-time high of $102.3M. Since the June 27 expiry, notional OI is up 38%, driven by high implied volatility — now higher than $BTC , $ETH and $SOL .

📈 Why It Matters:

🔸 XRP’s 12-month return: +300%

🔸 High volatility = attractive premiums for strategies like selling cash-secured puts

🔸 Traders are capitalizing on the market’s demand for options yield

📊 Sentiment Check:

🔸 25-delta risk reversals are positive, signaling bullish bias

🔸 Put-call ratio: 0.39 (calls significantly outweigh puts)

In short, bulls are in control, and XRP’s options market is heating up fast.