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XRP options contracts have reached an extraordinary milestone, exceeding $26 billion in notional volume in under six months since their introduction. This exceptional growth signifies a pivotal moment for the altcoin’s rapid adoption and increasing importance in institutional-grade crypto trading. The accomplishment also underscores the substantial demand for the altcoin in the derivatives sector.
XRP Options Contracts Experience Explosive Expansion
Market analyst Bill Morgan took to X social media on Thursday to declare that XRP futures and options have demonstrated outstanding performance since their inception in May 2025. Reports indicate that over 567,000 contracts have been transacted thus far, reflecting a notional volume of $26.9 billion.
The Chicago Mercantile Exchange (CME) group validated these statistics in an X post on the same day, highlighting the increasing institutional interest in XRP derivatives. The total volume is approximately equivalent to 9 million XRP tokens, with an average daily trading volume of roughly $213 million.
The CME group also announced in a prior post that there has been a broad rise in crypto derivatives activity, pointing out that Open Interest (OI) in crypto options reached a historic $9 billion, reflecting a 27% increase on October 10. Among the top three participants were XRP, Ethereum, and Solana, with futures showcasing an Open Interest of 10,100 contracts.
Significantly, the increase in futures and options activity highlights XRP’s rising influence in the digital asset landscape. It also emphasizes the cryptocurrency’s strong institutional interest, particularly considering its relatively recent regulatory clarity in the United States following the SEC settlement earlier this year.
Analyst Foresees a Future Parabolic Surge to $9.9
Crypto market expert Javon Marks presented a technical assessment of XRP, indicating that the present price movement resembles a prior cycle pattern that led to a significant bull market. His chart comparison illustrates recurring accumulation phases and breakout formations, suggesting that the price could be preparing for an imminent upward movement.
Marks predicts that if this earlier fractal continues to unfold, the token might reach $9.90, representing an approximate 309% rise from its current levels around $2.40. His chart further illustrates a long-term structure with upward support lines and Fibonacci extension levels that correspond to the anticipated breakout zone.
Marks’ analysis additionally implies that XRP’s current consolidation phase could act as a springboard for its next upward move, possibly emulating its legendary 2017 surge toward the $3.84 ATH. Although the cryptocurrency has experienced considerable volatility and declines over the preceding months, the analyst remains optimistic about its future prospects. CoinMarketCap data also reveals that the altcoin has observed a modest 1.3% increase as it seeks to break out of its consolidation area near the $2.4 threshold, following a 14.4% drop over the last month.
Featured image from Pxfuel, chart from Tradingview.com
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