Expectations have reignited in the cryptocurrency market that XRP may be the next asset to receive spot ETF approval following Bitcoin
$
84,509 and Ethereum
$
1,594. Experts are highlighting XRP’s broad range of use cases and advantages in terms of liquidity, while a more cautious approach seems to prevail in the options market. Investors are closely monitoring both technical indicators and market pricing behaviors. Conflicting signals from various data necessitate more careful investment decisions.
Experts Highlight XRP’s Spot ETF Potential
Assessments suggest that XRP could obtain spot ETF approval in the U.S., particularly linked to the advantages offered by the Ripple
$
2 protocol in cross-border payments. According to analysts, XRP’s high order book depth allows for larger transactions with less price volatility. This situation is seen as a positive signal for ETF approval, indicating a secure trading environment for institutional investors. Furthermore, commentators emphasizing the robustness of the market structure note that XRP stands out not only through technical data but also due to its functionality. The integration with traditional financial institutions and Ripple’s expanding role in the global banking network lays a supportive foundation for these expectations. However, despite these positive indicators, some cautious signals are also catching the attention of investors.
Options Market Pricing Remains Cautious
In the options market, which serves as a significant reference point for cryptocurrency investors, XRP prices need to be analyzed carefully. According to Deribit data, put options for XRP are trading at higher premiums compared to call options. This indicates that the market is pricing in short-term bearish expectations. Investors may prefer these types of options to protect themselves against potential price declines. Data from Amberdata reveals that the presence of negative skew values in the options market indicates a higher demand for volatility premiums compared to call options. This suggests that the market remains cautious about the future and wants to be prepared for significant price fluctuations. Although there is optimism regarding the spot ETF, investors are not ignoring short-term risks.
Technical Indicators Signal Uncertainty
Recent developments in technical analyses of XRP’s price movements have drawn attention. According to analysts, XRP has recently broken out of a rising wedge formation, initiating an upward movement. However, there are discussions about the possibility of the price retracting back to the $1.6 level after this breakout, which is another factor causing investors to remain cautious. Such discrepancies between technical indicators and derivatives pricing in the market necessitate more detailed analyses for XRP investors when making decisions. Although there are upward signals from a technical perspective, the prevailing atmosphere of uncertainty in the market shows that investors are avoiding excessive risks. While the expectation for a spot ETF provides a positive framework, a cautious outlook remains dominant in the market.
