The implied volatility curve for XRP options shifted by up to 18 points at the 3-day tenor this week. According to data from Binance, the at-the-money implied volatility reached 60.70% as of September 15.
Market metrics show a 24-hour change in at-the-money implied volatility of -12.07 points and a 4-hour change of -11.20 points. Additionally, the 25-delta put-call skew increased by 16.85 points over a 24-hour period.
Historical data from September 11 indicates that the 1-month at-the-money implied volatility for XRP was 53%, while the 30-day realized volatility stood at 88%. This represents a 35-point gap.
Institutional market makers are adjusting positions to manage inventory risk and delta-neutrality. The Bitwise XRP ETF, listed on NYSE American, provides further institutional access to the asset.
