The depth of the passive market draws one image, and XRP is over. According to the latest Kaiko report, XRP and Sol have the hopes of ETF, but they are average depth of 1 %, as it exceeds XRP Solana and doubles ADA.
Liquidity has risen since late 2024, probably rides ETF optimism and the changing American climate. But option traders do not buy them, literally. Kaiko A mark has been placed Drey deviation in Deribit XRP options for the end of April 18. The smile of volatility is significant to the negative side, which means that merchants are happy to protect against the decline, rather than gathering.
In the report, Kaiko highlighted what makes XRP different from assets like Bitcoin and Ethereum, both of which witnessed a huge institutional interest shortly after the investment funds circulated in every short time:
XRP is completely different; It does not have an active future market – at the present time – and its size is highly concentrated abroad.
So, in short, while the narration screams ETF HYPE, the options market indicates caution. Kaiko forms pessimism to the wider total tensions, not necessarily twice the XRP, but still indicates that smart money does not tend to climb yet.
Whale ripple xrp emptying
The acquisition of a prime broker was worth $ 1.2 billion, at a value of $ 1.2 billion, undoubtedly. Legal structures may fade. But until there is an organizational green light and market feelings to match, XRP still must prove that it is ready for peak time.
However, things do not look good for XRP. As Cryptomode said, the whales sold nearly one billion dollars of XRP codes after the Ripple lawsuit decision. The sales process did not help the price of XRP, which has passed up to the rise and landing today, as the Coingecko chart below sees it:
Read more: Ripple vs. SEC: The US Court of Appeal relies on a case with the progress
