The XRP reported a major increase in option operations by the crypto derivative exchange Deribit. The intense interest in option agreements, which will be matched on March 28, shows that investors expect a significant movement in the XRP price in the coming days.
Taurus tendency is strengthening in the XRP market
According to the data in the option market, there was a significant rise in profitable purchase options called “in-the-money” (ITM). This shows that investors think that XRP will exceed certain price levels. If these options are used, the procurement print may create a upward acceleration in the XRP price.
This trend reveals that XRP may be exposed to high volatility at the end of March and that investors closely follow the price movements. If a positive atmosphere is protected in the market in general, a new wave of rise may be experienced for XRP.
Fluctuations continue in XRP price
The XRP recently captured a strong rise trend, up to $ 2.55, but then decreased to $ 2.23 and the scene of short -term snow realization. These fluctuations reflect the struggle between investors with ascension tendency and those who want to make profits in the short term. On the other hand, investors in the long position were subjected to a total of millions of dollars of liquidation.
Especially when the 28 March term transactions are completed in the option market, how the XRP will move at these critical levels will be of great importance. If options are mainly used, a new rise pressure may occur on the price.
The removal of regulative uncertainty increased investor confidence
Ripple CEO Brad Garlinghouse, the US Securities and the Stock Exchange Commission (SEC) withdrawing the appeal of appeal is a major turning point for Ripple. This development increased the confidence of investors to the XRP and eliminated the long -standing regulatory uncertainty.
On the other hand, the fact that Ripple continues to hold about 42 percent of its total supply is seen as a critical element in terms of market dynamics. Garlinghouse states that the company intends to reduce XRP sales, while this may be effective on the supply in the long run. Ripple investors will closely closely monitor how the option maturity on March 28 will have an impact on the price. If expectations occur, there may be great mobility in the crypto market.
