XRP (Ripple) and Solana (SOL) have flashed renewed bullish signals in their options markets, contrasting with the bearish sentiment seen in Bitcoin (BTC) and Ethereum (ETH). The 25-delta risk reversal strategy, which involves buying call options and selling put options, suggests traders are optimistic about XRP’s price. However, perpetual futures for these cryptocurrencies display neutral sentiment, consistent with the current funding rates.
The bullish outlook follows a recent surge in demand for puts after a price crash on October 10th, when XRP fell to $1.77 from $2.80. Today, XRP is trading at $2.33, while SOL remains under pressure since its peak at $220. In contrast, Bitcoin’s risk reversals show a strong put bias, particularly in quarterly and longer-dated expiries.
While the sentiment gauge may not be as precise for smaller market cryptocurrencies like XRP and SOL, it still offers valuable insights into market trends. Perpetual futures for these assets have neutral funding rates, indicating traders are cautious about leveraged exposure. The recent market crash resulted in massive wealth destruction, with liquidated leveraged futures bets worth $20 billion.
Meanwhile, Aave’s price rebounded above $230 after a 2.5% gain, reversing an overnight selloff and breaking through key resistance at $224.50. The blockchain platform is set to list Maple Finance’s institutional-grade yield tokens as collateral in a new partnership.
Source: https://www.coindesk.com/markets/2025/10/19/xrp-breaks-ahead-with-bullish-reset-in-sentiment-as-bitcoin-and-ether-stay-stuck-in-the-gloom