A trader just placed a massive $62K bet on XRP with a “long straddle” play, buying both call and put options at $1.16 — betting big on wild price swings before August 28. With 2 million contracts at stake, this high-stakes wager signals confidence that XRP’s recent 15% surge is just the beginning, flipping the script from earlier bets expecting stability. The move hinges on whether XRP moves far enough from the strike to cover the cost — if it does, the bet wins; if not, the premium vanishes. All eyes are on XRP as this volatility play unfolds.
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