Coinbase data shows XRP options pricing a larger move than history
XRP (XRP)
Editor:
Eugene Serbin
u.today reports that Coinbase Markets data indicates XRP traders are anticipating a significantly larger price swing over the next week. The exchange compared the seven-day move implied by options prices against each cryptocurrency’s typical historical movement. XRP displayed the widest gap, with its options-implied seven-day move standing at 1.54 times its historical median.
This figure exceeds Bitcoin’s 1.50 times, Ethereum’s 1.45 times, and Solana’s 1.15 times. Coinbase Markets noted that XRP is priced furthest above its own history, while Solana is priced the least. The historical median absolute seven-day move for XRP is approximately 5%, whereas the current implied move is roughly 7.7%.
This implied move is derived from the volatility priced into at-the-money options using a square-root-of-time adjustment. At a current price of $1.43, a 7.7% move corresponds to an 11-cent shift in either direction. Elevated premiums suggest buyers are preparing for an upside breakout or seeking protection against large swings. If XRP moves only normally, volatility buyers may have overpaid for the options.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 14 September 2026. Not the outlet's figures.
XRP is trading at $1.34 on Binance spot, with a 24-hour buy ratio of 44.8% and a negative volume delta of -$8,415,524. The 1-hour buy ratio is 43.8%, while the 4-hour ratio is 47.2%, indicating that buying pressure is slightly stronger on the 4-hour timeframe but remains below parity. The buy ratio represents the percentage of trades executed by buyers, while the volume delta shows the net value of buy volume minus sell volume. A negative delta means sellers have dominated the volume over the period. The 24-hour CVD closed at -$1,113,163, confirming net selling pressure over the day. Net buying occurred for only 11 of the 24 hours, with total spot volume reaching $80,458,042 across 379,703 trades.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making the current 24-hour ratio of 44.8% lower by 4.9 percentage points. Weekly volume was 0.49 times the average, indicating a substantial drop in trading activity compared to recent norms. Net buying occurred for only 3 of the 7 days, with a total volume delta of -$9,094,645. The price has declined 5.8% over the eight-day period. This represents an unusual day for the coin, characterized by lower volume and reduced buying participation relative to the weekly average.