Coinbase Markets data shows XRP options' implied volatility reached 8.9%, surpassing Solana (8.0%), Ethereum (6.9%), and Bitcoin (5.0%), and is 1.79 times its 7-day median volatility. CoinGlass data indicates that XRP futures trading volume surged to approximately $6.8 billion in the past 24 hours, with open interest climbing to $3.56 billion. XRP's price increased by about 6.7% in the past 24 hours, now trading at $1.51, while approximately $17 million in XRP short positions were liquidated during the same period.