Election data from Deribit reveals a striking divergence in mood for large cryptocurrencies, with bullish positioning in XRP and Solana (Sol contrasts with lingering downward fears in Bitcoin (BTC) and ether (Eth).
From the time of writing, XRP call options or bullish bets were more expensive than sets across all tenors, according to Data Source Amberdata. Noticeable expiry call, which is traded with a prize of 6 volatility points for sets, indicating a bias for one year after the exit. XRP, the payments-focused cryptocurrency, is the third largest by market value.
Sun -Settings also showed Bullishness, with December call that traded with a prize of 10 vols for puts.
A call option gives the buyer the right, but not the obligation, to buy the underlying asset at a predetermined price of or before a specified future date. It represents a bullish effort on the market, while a put option protects against price images.
XRPS positive tone is probably driven by renewed enthusiasm for potential approval of spot exchange traded funds (ETFS) In the United States, at least six to seven major issuers, including Bitwise, 21Shares, Wisdomtree, CoinShares, Canary Capital and Franklin Templeton, active applications or changes pending before the US Securities and Exchange Commission (SEK).
SEC has delayed decisions about these archives pushing key approvals, such as WisDomtree’s XRP ETF, until the end of October 2025. As these archiving falls within a similar transit period, the market seems to be preparing for a synchronized approval or rejection event that may have a significant impact on XRP’s price.
The XRP community is very optimistic and sees significant price gains at the end of the year if ETFs are approved.
“The first month’s flow base: $ 5B+. Independent market tables PEG First-Months Spot XRP ETF Effort for $ 5B+ before the Reflective Hunting. It’s a serious demand shock for a supply that is partly escrow-locked and concentrated,” said popular pseudonymous XRP Exit price for XRP. Cryptocurrency is currently trading around $ 2.88 according to Coindesk data.
Sun optimism probably comes from the RCENT approval of its overall blockchain Solana’s alpendelow upgrade, which is likely to increase the network speed. Bitget’s main analyst Ryan Lee called it “a defining moment for the course of the network.”
“The approval of Solana’s Alpendeglow upgrade with more than 98 percent stacks -support marks a crucial moment for the course of the network. Reduction of transaction finality from 12.8 seconds to just 100-150 milliseconds transforms Solana into one of the fastest blockchains in operation, and locks opportunities that extend far beyond marginal efficiency gains, “ Said Lee in an E email.
Lee said Speed Boost will speed up Solana’s adoption in real-time trade, high-frequency strategies and trouble-free arbitrage on-chain. He explained that Alpenglow’s design matches blockchain settlement rates with traditional financial systems, overcoming a greater obstacle to institutions that hesitate to adopt decentralized infrastructure. This adjustment makes Solana an attractive and scalable blockchain option for institutional use.
Bearish mood in BTC and ETH
The feeling in terms of Bitcoin occurs resolutely Bearish, as sets are priced higher than calls for even the expiry trade in March 2026.
BTC’s Rally has stopped over $ 100,000, with awards struggling to gather after Friday’s disappointing US job report, increasing the expectations of cool -rate cuts. Analysts have blamed the retirement in Etf flow, profits from long-term owners and whale rotation to Ether for BTC’s DOUR pris-
That said, settings tied to Ether also showed a bias for the outlet until the expiry in December. ETH has withdrawn sharply to $ 4,300 from the record height of nearly $ 5,000 reached last month.
