XRP options contracts have achieved a remarkable milestone, surpassing $26 billion in notional volume in less than six months since their debut. This unprecedented surge marks a defining moment for the altcoin’s accelerating adoption and growing significance in institutional-grade crypto trading. The achievement also highlights the strong demand for the altcoin in the derivatives market.
XRP Options Contracts Record Explosive Growth
Market expert Bill Morgan took to X social media on Thursday to announce that XRP futures and options have delivered exceptional performance since their launch in May 2025. Reports reveal that over 567,000 contracts have been traded to date, representing a notional volume of $26.9 billion.
The Chicago Mercantile Exchange (CME) group confirmed these figures in an X post on the same day, emphasizing the growing institutional interest in XRP derivatives. In terms of scale, the total volume is equivalent to roughly 9 million XRP tokens, with an average daily trading volume of about $213 million.
The CME group also reported in an earlier post that a broad surge in crypto derivatives activity, noting that Open Interest (OI) in crypto options hit a record of $9 billion, reflecting a 27% rise in October 10. Among the top three performers were XRP, Ethereum, and Solana, with futures showing an Open Interest of 10,100 contracts.
Notably, the surge in futures and options activity underscores XRP’s growing influence in the digital asset ecosystem. It also highlights the cryptocurrency’s strong institutional demand, especially given its relatively recent regulatory clarity in the United States following the SEC settlement earlier this year.
Analyst Predicts the Next Parabolic Run To $9.9
Crypto market analyst Javon Marks shared a technical analysis of XRP, suggesting that the current price action mirrors a previous cycle pattern that led to a significant bull run. His chart comparison highlights recurring accumulation phases and breakout structures, indicating that the price could be gearing up for an imminent upward surge.
Marks estimates that if this past fractal continues to play out, the token could reach $9.90, representing a roughly 309% increase from its current levels of around $ 2.40. His chart also illustrates a long-term structure with rising support lines and Fibonacci extension levels that align with the projected breakout zone.
Marks’ analysis further suggests that XRP’s ongoing consolidation phase could serve as a launchpad for its next leg up, potentially replicating its legendary 2017 rally toward the $3.84 ATH. Although the cryptocurrency has experienced significant volatility and declines over the past few months, the analyst remains confident in its future outlook. CoinMarketCap data also indicates that the altcoin has recorded a modest 1.3% increase as it attempts to break out of its consolidation area near the $2.4 level, following a 14.4% decline over the past month.
Featured image from Pxfuel, chart from Tradingview.com
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