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XRP Ripple News Today: XRP ETF Buzz Builds, but Derivates Data Suggests Traders Still Fear a Dip
The buzz surrounding an XRP ETF has ignited excitement among investors, with many predicting that the cryptocurrency could be next in line for a U.S. spot ETF approval. However, despite this optimism, derivatives data on Deribit suggests that traders are still hesitant to bet big on the asset due to concerns about a potential dip.
XRP’s price has been trading above $2, sparking renewed hope among investors. However, while long-term narratives may be bullish, short-term sentiment is decidedly bearish. Data from Deribit reveals that more traders are buying put options than calls, indicating an increased risk aversion.
Source: https://coinpedia.org/news/xrp-ripple-news-today-xrp-etf-buzz-builds-but-derivatives-data-suggests-traders-still-fear-a-dip/
