XRP $14.6M options cluster pins price near $1.40 before expiry

Options cluster pins XRP near $1.40 into the Mar 27 expiry. Deribit shows $14.6M open interest at that strike, keeping spot around $1.45 ahead of settlement.

Derivatives data points to a $1.40 “pin.” Traders hold ~$6.95M in calls and ~$7.69M in puts at that strike, totaling ~$14.6M on Deribit. Sources: Deribit, Deribit XRP USDC.

Nearly 25% of XRP options OI sits at $1.40 on major venues. Market makers short gamma hedge around this level, suppressing moves until expiry. Background on pin risk: Coinspeaker explainer.

$1.50 caps the range. A clean break would escape the $1.40 gravity. The $1.40 area now doubles as support via dealer hedging flows. Prior setup shows a triple bottom. Source: Coinspeaker on XRP structure.

If price stays between $1.40 and $1.50, volatility gauges like DVOL likely compress. Post‑expiry, a range break tends to follow. Read on breakouts from options positioning: Coinspeaker analysis.

Two paths into and after expiry:
- Hold above $1.50. $1.40 puts decay. Dealer hedges unwind. Room to $1.60–1.65.
- Lose $1.40. Dealer selling accelerates. Risk of $1.30–1.25.

Watch Deribit OI and CME futures spreads into Mar 27. Links: Deribit, CME Group XRP derivatives.

If $1.40 holds through a clean expiry, the level strengthens into April. If it breaks, lower liquidity zones come into play. Source: Coinspeaker.