A significant investor in Ripple's cryptocurrency, XRP, has executed a complex trading strategy to profit from the token's current price level. The trade, which involves purchasing options contracts with a strike price of $1.40, would yield a maximum profit of $224,500 if XRP stays near this price through June 26.
The investor has used a short strangle strategy, which involves buying both call and put options at the same strike price. This provides insurance against sharp price moves in either direction, as the investor is hedging their bet on the token's future value.
According to Laevitas data, XRP has spent approximately 60% of 2026 trading between $1.30 and $1.50, suggesting that the current price level is a key area of support for the token. The May 29 monthly options expiry also has max pain at $1.40, reinforcing this level as a near-term gravitational centre.