XRP now with strike options – A new trend in crypto trading!

XRP now with strike options – A new trend in crypto trading!

On May 27, 2025, crypto exchange Crypto.com announced that it had added XRP to its strike options offering for US users. This development marks a significant expansion of the portfolio of digital assets regulated and overseen by the Commodity Futures Trading Commission (CFTC). Previously, such options were only available for Bitcoin, Ether, Solana, Dogecoin, Cronos, Shiba Inu and Litecoin. With this expansion, traders now have the ability to trade XRP in a short-term binary format, with a minimum position size of $10 required.

Users can make predictions about whether the XRP price will close above or below a specific strike price within a 20-minute window. The strike options are currently only available in select US states. While expansion to other regions is being considered, there is no specific time frame for these measures. In parallel with the introduction of the new trading option, open interest in XRP increased by 3.10% to $4.79 billion.

Current market developments and price movements

However, the mood in the crypto market also has darker sides. XRP fell below the $2 mark on Wednesday and hit a low of $1.96. This drop in the price of XRP comes in a context where the US government has introduced new tariffs that are putting additional pressure on market conditions. A 25% tariff on car imports and at least 10% on exports to the USA have had a negative impact on investor sentiment.

Over $450 million was liquidated in crypto futures in the last 24 hours, adding further pressure. Analysts are observing a negative trend known as bearish divergence that suggests possible price declines. However, technical analysis also suggests a short-term bullish divergence pattern for XRP on the 8-hour time frame.

Market prospects for XRP

Support for XRP is found between $1.95 and $2.05, while resistance is found between $2.24 and $2.30. Should XRP stay above support, there is a possibility of a mild recovery rally or sideways price action. However, overcoming the resistance is considered difficult without stronger market catalysts.

Despite the current challenges of market volatility and new tariffs, the XRP market is showing highly positive developments. XRP options volume increased by 138.91% to $1.52 billion. Open interest in these options also grew by 6.70% to $2.02 million. Technical analysis suggests a potential “three-wave” parabolic pattern on the weekly chart of XRP/USDT. Forecasts indicate a price target of over $25, which would correspond to an almost tenfold increase in price compared to the current level. However, high trading activity and positive developments are required to achieve this goal.

For more information about XRP and its trading options, see also The Market Periodical and News Crypto.