XRP Options Turn Bullish After Sharp Price Rebound

XRPUSD: mildly bullish positioning signal, but vulnerable to a crowded-trade reversal. The one-week 25-delta call-minus-put skew at +9.3 volatility points (95th percentile) indicates unusually expensive upside exposure relative to downside protection. That may support near-term sentiment, but it reflects options pricing—not a forecast of XRP’s next move. The signal follows an approximately 18% seven-day rebound, so some call demand may be momentum-chasing or hedging rather than fresh conviction.

The bullish read strengthens if spot gains persist and call skew remains elevated; if the rebound stalls, elevated call premiums could unwind quickly and sentiment turn. Traders should watch spot follow-through, options positioning and whether call demand is sustained. Net impact: near-term bullish bias, with meaningful reversal risk; no clear longer-term implication from skew alone.