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XRP mightiness beryllium the adjacent cryptocurrency to get a spot ETF listing successful the U.S. aft bitcoin (BTC) and ether (ETH), analysts argued this week. However, the Deribit-listed options market,doesn't stock this optimism.
As of the clip of writing, Deribit's enactment options tied to XRP were pricier than calls crossed respective timeframes, according to information root Amberdata. That's a motion of persistent downside fears.
A enactment enactment provides security against terms drops, and traders acquisition the aforesaid erstwhile looking to hedge oregon nett from an expected terms drop.
The bias for puts was evident from antagonistic skews crossed the timeframes. Options skew measures the implied volatility premium (demand) for calls comparative to puts.
XRP dived retired of an ascending wedge aboriginal Wednesday, signaling a imaginable re-test of caller lows astatine astir $1.6.
Earlier this week, analysts said that XRP has a comparatively amended bid publication depth, implying easiness successful trading ample orders astatine unchangeable prices, compared to Solana's SOL and different tokens. This meant that the payments-focused coin utilized by Ripple to facilitate cross-border transactions could beryllium the adjacent integer plus to get a spot ETF support successful the U.S.
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