XRP Holds Near $1.50 Above Deribit Options Cluster at $1.40 Strike
Market data shows about 25% of XRP options on Deribit (crypto derivatives exchange) are concentrated at the $1.40 strike, with contracts set to expire on March 27.
XRP
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Terms & Concepts
Options: Derivatives contracts that give the buyer the right, but not the obligation, to buy or sell an asset at a set price before or at expiry.
Strike price: The predetermined price at which an options contract can be exercised.
Expiry: The date when an options contract expires and can no longer be exercised or traded in its original form.