Crypto Markets Today: XRP, SOL Likely to Move 4% as Payrolls Data Looms

As the crypto market awaits the U.S. nonfarm payrolls release for insights on the how the Federal Reserve might act on interest rates, implied volatility indexes point to moderate price volatility in major cryptocurrencies. At press time, Volmex's annualized bitcoin (BTC) one-day implied volatility index was 43.80. That means a 24-hour expected price swing of 2.29%. The indexes for ether (ETH), XRP (XRP) and SOL (SOL) suggested price swings of 3.7%, 4%, and 4.86%, respectively. Analysts said that a hotter-than-expected jobs report could weaken the case for rapid Fed rate cuts, sending risk assets lower. Derivatives PositioningEther's open interest in USDT and dollar-denominated perpetual contracts on major exchanges declined to 1.93 million ETH, a four-week low. This capital outflow raises…