XRP Options Trading Surges 348% Ahead of Clarity Act Vote

With the U.S. Senate set to hold a procedural vote on the Clarity Act, XRP options trading has seen significant growth. According to CoinGecko data, XRP options volume increased 348% over the past 24 hours to $14.55 million, far exceeding Bitcoin (BTC) and Ethereum (ETH) gains.

Options open interest rose 7.93% to $98.59 million, while total XRP derivatives trading volume jumped 97.18% to $552 million, with open interest increasing 4.65% to $312 million. Liquidation volumes totaled $13.77 million, with short positions accounting for $7.85 million and long positions making up $5.92 million.

Bitcoin options volume rose 67.54% to $336 million over the same period, while Ethereum options volume grew 13.08% to $130 million. Although BTC and ETH maintain larger absolute trading volumes, XRP's growth rate significantly outpaced both.

CoinGecko attributed the rapid increase in XRP derivatives positions ahead of Wednesday's Clarity Act procedural vote, noting that this vote is not for final passage but rather a procedural step requiring 60 votes to advance the bill.