Crypto Daily Scoop

Coinbase Data Shows XRP May See 8.7% Price Move

Options market data for cryptocurrencies published by major US crypto exchange Coinbase indicates that a big (about 8.7%) price swing for XRP could be expected by Nov.

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At the time of writing, XRP and Solana are tied in terms of the biggest expected price move (according to options-implied volatility), both showing an 8.7% expected move. Ethereum (ETH) has an expected 7.7% move.

At the same time, Bitcoin (BTC) is the asset with the lowest expected price move (according to implied volatility) among the top four assets (5.8%). It is important to note that the above numbers do not necessarily mean that a big upward move in the price of XRP is expected.

They only mean that options traders are expecting significant moves (up or down). According to Coinbase data, an 8.7% price move (up or down) could be possible within the specified timeframe. The current price of XRP is around $1.25.

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