XRP Options Volume Surges Over 200% as Speculators Position for Potential Catalysts
XRP options trading volume has recently increased by over 200% in a single day, reaching $9.53 million on January 22, 2026.
This spike indicates a surge in speculative positioning ahead of potential market catalysts, rather than a long-term directional conviction among traders.
Key Insights
Options Volume Spike: According to data from CoinGlass, XRP options volume climbed 213% in 24 hours to $9.53 million, a significant short-term spike in activity.
Market Positioning: The activity was concentrated in short-dated contracts, and positioning data showed a clear long bias on major exchanges, particularly Binance.
Futures Market Activity: The futures market also saw elevated activity, with XRP derivatives volume reaching $6.19 billion (up 21%) and open interest rising a modest 1.68%.
Price Context: XRP was trading around $1.92 USD at the time of the volume surge, down slightly on the day following an earlier rally attempt.
Potential Catalysts: This heightened derivatives activity is likely tactical positioning in anticipation of future market developments, such as the outcome of Ripple's legal situation with the SEC or potential US Federal Reserve rate cuts, rather than being linked to current price movements.
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