XRP, SOL Break Ahead with Bullish Reset in Sentiment as Bitcoin and Ether Stay Stuck in the Gloom

Why It Matters

The divergence suggests renewed call buying and speculative confidence in XRP and SOL despite the marketwide caution after roughly $20 billion of liquidations; however, smaller options liquidity for XRP and SOL and neutral perp funding temper the signal’s reliability.

Summary

Options markets are signaling a bullish reset for XRP and Solana as 25‑delta risk reversals on Deribit turned positive across Oct. 31, Nov. 28 and Dec. 26 expiries, with XRP trading around $2.33 and SOL near $186. By contrast, bitcoin and ether show persistent put bias—puts trading at a premium through multiple tenors—while perpetual futures funding rates for major tokens sit near zero, reflecting neutral leveraged demand. The divergence suggests renewed call buying and speculative confidence in XRP and SOL despite the marketwide caution after roughly $20 billion of liquidations; however, smaller options liquidity for XRP and SOL and neutral perp funding temper the signal’s reliability.