Unprecedented Surge in XRP Options Contracts: A New Era for Institutional Crypto Trading
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Striking Milestone for XRP Options Contracts
XRP options contracts have recently reached an impressive benchmark, achieving over $26 billion in notional volume within just six months of their inception. This phenomenal growth signifies a pivotal moment in the altcoin’s journey, pointing to its increasing adoption and importance in institutional-grade cryptocurrency trading. Furthermore, this achievement underscores the robust demand for XRP within the derivatives market.
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Rapid Growth of XRP Options Contracts
On a recent Thursday, market analyst Bill Morgan shared on social media platform X that XRP futures and options have been outstanding in performance since their inception in May 2025. Reports indicate that more than 567,000 contracts have been traded to date, tallying up to a notional volume of $26.9 billion.
The Chicago Mercantile Exchange (CME) group corroborated these figures in a corresponding X post, highlighting the rising institutional interest in XRP derivatives. The total volume equates to approximately 9 million XRP tokens, with an average daily trading volume of approximately $213 million.
The CME group also reported a broad increase in crypto derivatives activity, noting a record Open Interest (OI) in crypto options reaching $9 billion, a 27% increase as of October 10. Among the top performers were XRP, Ethereum, and Solana, with futures indicating an Open Interest of 10,100 contracts.
Significantly, the increase in futures and options activities highlights XRP’s expanding role in the digital asset landscape. This surge underscores the cryptocurrency’s strong institutional demand, particularly in light of its newfound regulatory clarity in the United States following the SEC settlement earlier this year.
Analyst Forecasts a Potential Bull Run to $9.9
Crypto market analyst Javon Marks has provided a technical analysis of XRP, suggesting that the current price movement mirrors a previous cycle that led to an explosive bull market. His chart analysis reveals recurring accumulation phases and breakout structures, indicating that the price may be gearing up for a significant upward movement.
Marks projects that if this historical pattern continues, XRP could reach a value of $9.90, representing an approximate 309% increase from its current valuation of around $2.40. His chart also delineates a long-term structure with ascending support lines and Fibonacci extension levels that coincide with the projected breakout range.
Marks further proposes that XRP’s current consolidation phase could act as a springboard for its next upward trajectory, potentially echoing its iconic 2017 rally toward the $3.84 all-time high. Despite the cryptocurrency’s past volatility and declines in recent months, Marks remains optimistic about its future prospects. Recent data from CoinMarketCap shows that XRP has experienced a modest 1.3% increase as it attempts to break free from its consolidation zone near the $2.4 mark, following a 14.4% decline over the past month.
XRP trading at $2.4 on the 1D chart.
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