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Whales are interested in buying XRP
According to Lookonchain, a major investor opened a short position on XRP for $17.6 million with a 20X leverage, setting the liquidation price at $2.91 (current price $2.86).
Interestingly, for this deal he closed positions on Bitcoin and XRP with a loss of $3.4 million.
Analysts note that interest in XRP is growing against the backdrop of expectations for the launch of an ETF: SEC decisions on the XRP ETF are expected in October.
📌 Despite the speculation, XRP remains 22% below its July peak of $3.66, indicating market uncertainty regarding whether the expectations for the ETF have already been priced in.