XRP Bullish Bets Heat Up as Coinbase Flags Surging Options Demand: Here's What's Happening

XRPUSD: short-term bullish signal, but increasingly vulnerable to crowded positioning. Coinbase’s reported one-week 25-delta skew of 9.3 volatility points—around the 95th percentile of historical readings—shows calls are priced at a substantial premium to comparable puts. That indicates strong demand for upside exposure, but it reflects options pricing, not proof that spot buyers will follow through.

The near-term bias is bullish for XRP, especially if spot demand confirms the options signal. However, the article also reports XRP had already rebounded nearly 14% over the prior week, so some optimism may be priced in. If the rally stalls, crowded call demand can unwind and amplify volatility; call buying may also be speculative exposure rather than a signal of durable demand.

For traders, watch whether spot strength persists alongside options volume and open interest, and whether the skew remains elevated or reverses. Broader crypto risk sentiment and Bitcoin’s direction may also determine whether XRP’s bullish positioning translates into further gains. This is a sentiment indicator, not a standalone directional signal.