According to the latest options data, $XRP carries an implied one-standard-deviation (1σ) move of ±9.7%, slightly ahead of Solana at ±9.3%. Ethereum follows with an implied move of ±8.5%, while Bitcoin has the lowest expected range at ±6%.
The figures suggest that options traders are betting on a rise in potential volatility in $XRP over the coming days. However, they don't indicate whether prices will rise or fall. They may, however, provide an indication of how much price movement is currently priced into options.
$XRP is notable for another reason. "$XRP carries the widest premium to its median 7d move (1.97×)," Coinbase wrote. This implies options markets are pricing in a much larger move than its average weekly move.
This premium makes $XRP particularly interesting as traders assess whether the token can deliver the volatility currently reflected in derivatives pricing.
$XRP price
At the time of writing, $XRP was down 2.59% in the last 24 hours to $1.06 amid a broader market selloff.
The consumer price index data for October came in hotter than expected. The CPI for October rose 0.4%, more than the 0.3% expected from economists polled by Dow Jones and down from the 0.6% growth in September.
A December rate hike now seems likely, with Fed Governor Chris Waller suggesting even a 50-basis-point move could be appropriate.
A 9.7% increase for $XRP would potentially target $1.16, whereas a 9.7% decrease from current levels would see $XRP drop to $0.95. In the coming days, the markets will closely watch which direction $XRP will trend next, upward or downward.
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