XRP options traders are shifting toward bullish positioning after the cryptocurrency rebounded sharply. According to Coinbase Markets, XRP's one-week 25-delta call-minus-put skew climbed to 9.3 volatility points, placing the reading in the 95th percentile.
The metric shows traders are paying a higher premium for calls compared to puts with similar price sensitivity. XRP has gained approximately 18% over the past seven days, with the cryptocurrency rebounding toward $1.55 after falling near $1.39.
What the Skew Reveals
A positive skew reading indicates calls carry higher implied volatility than comparable puts. This reflects stronger demand for upside exposure rather than downside protection. The +9.3 reading does not forecast a specific price movement or guarantee future gains.
The shift marks a reversal from late 2025 and early 2026, when XRP options largely favored downside protection with negative skew readings sometimes falling below -10 points. In late August, the one-week skew briefly exceeded 15 volatility points before easing to current levels.
Recent Market Context
Beyond derivatives markets, XRP Ledger Batch V1.1 moved closer to activation after receiving support from 30 of 35 tracked validators. The update would allow linked transactions to settle together or fail together.
XRP surged above $1.60 during the latest rebound as large-holder activity and new wallet creation increased. Options premiums can shift quickly as volatility, positioning, and spot prices change.
Strong call demand may reflect bullish positioning, hedging strategies, or traders seeking exposure following a rapid price move. Options skew indicates where traders are willing to pay more for protection or exposure but does not confirm future price direction.
