XRP price expected to remain near $1.40 through June
A large trader has made a $224,000 bet that XRP’s price will stay close to $1.40 through June.
The trader collected $224,500 in premiums and will keep the full amount if XRP remains near $1.40.
The trade involved selling 1.5 million contracts of both the $1.40 call and put options expiring on June 26, effectively providing insurance against sharp price movements away from the $1.40 strike.