XRP options price in 8.9% seven-day move through Sept. 27, the widest of four major coins
Coinbase and Glassnode data show XRP options imply an 8.9% seven-day move through Sept. 27, above Solana, Ethereum and Bitcoin.
Why it matters
The options market is pricing XRP with more near-term movement than the other three majors it is compared against, and the call premium sits in the 95th percentile of the past year, which leaves implied volatility elevated. Derivatives positioning has already shifted, with shorts accounting for most of a reported $19.2 million in 24-hour liquidations. Neither U.Today nor The Crypto Basic identifies what is driving the repricing, and neither says the implied move is a forecast of direction.
Where the sources disagree
How far the 9.3-point skew has recovered from its August peak
skew jumped back toward double-digit territory after briefly exceeding 15 volatility points in late August
U.Today
9.3 is 38% below a 15-point benchmark and further below the plotted August peak, which exceeded 15
The Crypto Basic
U.Today frames the 9.3 reading as a return to double-digit territory after a brief dip, while The Crypto Basic measures it as still 38% below a 15-point benchmark and further below the actual plotted high, which sat slightly above 15.
Origin of the options dataset
Glassnode and Coinbase data
The Crypto Basic
Coinbase Markets
U.Today, U.Today, The Crypto Basic
The Crypto Basic attributes the implied move figures to a chart built on Glassnode and Coinbase numbers, while U.Today credits Coinbase Markets alone for the same 8.9% figure.
Key facts
Coinbase and Glassnode data show an 8.9% one-standard-deviation implied seven-day move for XRP through Sept. 27, the largest among four major cryptocurrencies.
8.9 %Reported by The Crypto Basic
Over the same period Solana carries an 8.0% implied move, Ethereum 6.9% and Bitcoin 5.0%.
Reported by The Crypto Basic
XRP's implied move is about 1.79 times its historical median seven-day move of roughly 5.0%, a gap of approximately 3.9 percentage points, and it has the widest volatility premium of the four assets.
1.79 xReported by The Crypto Basic
Historical median seven-day moves in the dataset are about 6.6% for Solana, 5.1% for Ethereum and 3.6% for Bitcoin, so all four implied moves sit above their medians.
Reported by The Crypto Basic
Coinbase Markets put XRP's one-week 25-delta call-minus-put skew at 9.3 volatility points, the 95th percentile reading, meaning calls carry that much more implied volatility than comparable puts.
9.3 volatility pointsDisputed figureReported by U.Today
XRP was trading at $1.51 at press time, up roughly 6.7% over the previous 24 hours, with a symmetric 8.9% move corresponding to about $1.37 or $1.64.
1.51 USDReported by U.Today
What happened
XRP options are pricing the largest seven-day implied move among four major cryptocurrencies through Sept. 27, according to figures drawn from Glassnode and Coinbase data and presented by The Crypto Basic and U.Today. The one-standard-deviation implied move is 8.9% for XRP, against 8.0% for Solana, 6.9% for Ethereum and 5.0% for Bitcoin, and XRP's figure runs at roughly 1.79 times its own historical median seven-day move of about 5.0%. U.Today reported XRP trading at $1.51 at press time, with a symmetric 8.9% move corresponding to about $1.37 or $1.64, alongside CoinGlass data showing roughly $6.8 billion in XRP futures volume over 24 hours, open interest near $3.56 billion, about $19.2 million of liquidations with shorts making up roughly $17 million, and XRP up about 6.7% over the same window. U.Today later reported that Coinbase Markets has flagged an unusually bullish skew, putting the one-week 25-delta call-minus-put spread at 9.3 volatility points, the 95th percentile of the past year, against a late-August peak above 15 points and negative readings below -10 through much of late 2025 and the first half of 2026. The Crypto Basic treated the same 9.3 reading as a rebound that is 38% below a 15-point benchmark, noting the plotted August high sat slightly above that benchmark. The figures describe the magnitude of a possible move rather than a direction, and U.Today states outright that options traders are not signalling which way XRP goes, so what remains unclear is whether the premium reflects positioning ahead of a catalyst or hedging demand.
How the story developed
- First report
First report by The Crypto Basic
XRP 8.9% Implied Move Outpaces Bitcoin 5% Ahead of Sept. 27
- Update
XRP options price in the widest seven-day implied move of four major coins
The Crypto Basic published the 8.9% implied move against 8.0% for Solana, 6.9% for Ethereum and 5.0% for Bitcoin through Sept. 27.
- Update
U.Today reports Coinbase Markets data on XRP implied move and derivatives activity
Added the $1.51 spot price, CoinGlass futures volume, open interest and liquidation figures.
- Update
Coinbase Markets reports 9.3-point bullish skew in XRP options, 95th percentile
U.Today described the one-week 25-delta call-minus-put skew as one of the strongest bullish skews of the past year, against negative readings in late 2025 and the first half of 2026.
- Update
Skew rebounded but stayed well below the late-August peak
The Crypto Basic, using Coinbase and Glassnode data through Sept. 22, put the 9.3-point reading 38% below a 15-point benchmark while it remained in the 95th percentile.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 21 Sept 2026, 17:33 UTC: The Crypto Basic — 1 independent source, 1 reports
- 21 Sept 2026, 19:57 UTC: U.Today — 2 independent sources, 2 reports
- 24 Sept 2026, 07:55 UTC: The Crypto Basic — 3 independent sources, 4 reports
Affected entities
Also mentioned: Binance, Tether USDt
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| The Crypto Basic Crypto media | XRP 8.9% Implied Move Outpaces Bitcoin 5% Ahead of Sept. 27 | Original | |
| U.Today Crypto media | XRP Leads Crypto Options With Massive Implied Move | Syndicated | |
| U.Today Crypto media | Coinbase Spots Extreme Bullish Demand in XRP Options | Syndicated | |
| The Crypto Basic Crypto media | XRP Options Skew Rebounds but Remains More Than a Third Below August Peak | Syndicated |
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