Analysis: Deribit options market shows investors are not optimistic about XRP's recent price trend

Odaily Planet Daily News: XRP may be the next cryptocurrency to be listed on a spot ETF in the United States, following Bitcoin (BTC) and Ethereum (ETH). However, the options market listed on Deribit is not optimistic, with put options linked to XRP outperforming call options over multiple time periods. Put options typically provide insurance against price declines, and traders purchase put options when seeking hedging or profiting from expected price declines. However, compared to Solana's SOL and other tokens, XRP's order book depth is relatively good, which means it can easily complete large order transactions at a stable price. （CoinDesk）