The global derivatives market moves more money in a single month than the entire crypto market has ever seen. That is the premise behind a recent post from Jake Claver. He argues that even a
The global derivatives market moves more money in a single month than the entire crypto market has ever seen. That is the premise behind a recent post from Jake Claver. He argues that even a small flow from that market into XRP could send prices far beyond current expectations.
Claver wrote. “The derivatives market moves more money in a month than crypto has ever seen.” He added that if even 1% of that flow reaches crypto, “most price targets look small.” He concludes that “XRP isn’t near its ceiling.”
The numbers support the scale of that claim. Global OTC derivatives notional outstanding reached approximately $844 trillion at the end of 2025. Gross market value, a more grounded measure of real exposure, stood at $22.8 trillion. FX derivatives alone recorded average daily turnover of $6.6 trillion in April 2025. These are not abstract figures. They represent capital moving continuously through the financial system.
The derivatives market moves more money in a month than crypto has ever seen
If even 1% of that flow finds its way here, most price targets look small
XRP isn't near its ceiling.
— Jake Claver, QFOP (@beyond_broke) October 4, 2026
Claver previously set $750 for XRP. That figure becomes more plausible when viewed through the lens of derivatives market inflows. XRP currently holds a market cap of approximately $95.4 billion. The entire crypto market sits at $2.92 trillion. A 1% capture of the $844 trillion notional derivatives market would represent roughly $8.44 trillion.
That figure is nearly 3x the current total crypto market cap and over 88x XRP’s current market cap. Even a fraction of that capital entering XRP could produce dramatic price appreciation. Claver’s $750 target reflects a belief that XRP’s infrastructure positions it to absorb a meaningful share of that flow.
Responses varied in tone but showed genuine engagement with Claver’s point. One commenter said he expected retirement by the end of the year, expressing confidence in the upside ahead.
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Another suggested that the reverse carry trade is incoming. Claver has previously spoken about the reverse carry trade. In this scenario, investors who borrowed cheap Japanese yen to invest in higher-yielding global assets begin unwinding those positions and capital into settlement assets like XRP. This could contribute significantly to the asset’s expected growth.
One commenter acknowledged that XRP is not near its all-time high, agreeing it has room to move but tempering expectations slightly. Many market participants believe the derivatives market is a big opportunity for XRP. The responses suggest the community agrees with Claver’s opinion.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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