XRP is at a crossroads as it navigates potential inclusion for a spot ETF listing in the U.S., alongside Bitcoin (BTC) and Ethereum (ETH). However, the current sentiment in the Deribit-listed options market reflects a cautious outlook.

Analysts express mixed feelings about XRP’s prospects, pointing out that optimistic predictions around the ETF have not translated into certainty for investors. This skepticism is evident in the latest options data, which suggests a growing number of bearish positions.

Though the market appears hopeful, the lingering downside fears present a significant hurdle that standard bullish narratives have yet to overcome. Investors are advised to exercise caution while keeping a close eye on XRP’s developments in the evolving ETF landscape.

As the cryptocurrency market continues to fluctuate, understanding these dynamics becomes critical for participants looking to navigate potential opportunities effectively.