XRP and SOL Show Bullish Sentiment Amid Bearish Outlook for BTC and ETH

Options data from Deribit shows contrasting investor sentiment among major cryptocurrencies:

XRP and Solana (SOL) exhibit bullish positioning.
Bearish sentiment persists for Bitcoin (BTC) and Ether (ETH).

XRP call options are more expensive than puts across all tenors, with December calls trading at a premium of 6 volatility points. This indicates expectations for a year-end rally driven by potential U.S. ETF approvals. Several firms have pending applications with the SEC, impacting XRP's price prospects.

Current XRP pricing is approximately $2.88, with some investors projecting it could reach $50 if ETF approvals occur. SOL also displays bullishness, as its December calls trade at a premium of 10 volatility points due to optimism surrounding the recent Alpenglow upgrade, which enhances network speed significantly.

In contrast, BTC sentiment is bearish, with puts priced higher than calls, indicating a lack of confidence in a price recovery. The price of BTC has stalled above $100,000 amid profit-taking and reduced ETF inflows. ETH options similarly show bearish bias, with prices dropping to around $4,300 from recent highs near $5,000.