Is XRP the Next Crypto Drama? Spoiler: It’s Not All Sunshine and Rainbows! 🌧️

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What to know:

  • So, Deribit’s options market is all about those put options on XRP. Because who doesn’t love a good panic? 😱
  • Despite XRP’s order book depth being as strong as my morning coffee, it seems we’re eyeing a potential re-test of lows around $1.6. Cheers! ☕

Analysts are whispering that XRP could be the next crypto darling to snag a spot ETF listing in the U.S., right after the cool kids, Bitcoin (BTC) and Ether (ETH). But hold your horses! The Deribit options market is like, “Nah, not so fast!” 🚫

As of now, those put options tied to XRP are costing more than calls. That’s like paying extra for a ticket to a movie you know is going to be a flop. 🎬

Put options are basically your insurance policy against price drops. Traders buy them like they’re buying a life jacket on the Titanic. 🛳️

The put bias is as clear as my last breakup. Negative skews across timeframes are telling us that the demand for calls is about as popular as a diet soda at a barbecue. 🍔

XRP took a nosedive out of an ascending wedge early Wednesday. It’s like watching a soap opera where the main character just can’t catch a break. 📉

Earlier this week, some analysts claimed XRP has a better order book depth, making it easier to trade large orders without causing a scene. Unlike Solana’s SOL and other tokens, XRP might just be the one to get that coveted spot ETF approval in the U.S. Fingers crossed! 🤞

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2025-04-17 14:43