2026-01-08 12:28:14

A large short position worth noting has recently appeared in XRP. According to on-chain data, a major holder opened a sizable short position on the XRPUSDT perpetual contract.

Specifically, the operation involved approximately $5.06 million, involving 2.3 million XRP, with an entry point around $2.20. Most notably, the trader used 20x leverage, which is uncommon for mainstream coins with top market caps like XRP—such aggressive trading is usually seen only in popular Meme coins.

Since entering, the XRP price has dropped to around $2.09, a decline of about 7%. For the short seller, this trade is currently in profit.

What signals does this operation reveal? Being able to directly invest $5.06 million with 20x leverage on such a well-known coin suggests that the operator either has access to some information we do not yet know or has a strong confidence in the subsequent market trend. In any case, XRP holders should pay close attention. The market volatility may just be beginning.

XRP-0.72%

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DancingCandles

· 01-11 08:43

5.06 million USD 20x leverage crushing XRP? This guy is really daring... Either he has insider information or he's just a gambler. This big player must know something we don't, current holders should be cautious. Unbelievable, playing like this on mainstream coins... Feels like something big is about to happen. 20x leverage, my goodness, such courage. XRP holders need to keep a close eye. 5.06 million USD with 20x? This guy is either crazy or has a divine prediction. We small investors can only watch the show. Already making money after just a 7% drop, the real drama is probably yet to come... This trading scale and leverage ratio seem off, there must be some information we don't know brewing. Opening a short on XRP with 20x leverage? If he wasn't absolutely confident, that would be too reckless.

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VirtualRichDream

· 01-10 04:41

5.06 million USD with 20x leverage, what does this guy really know? --- The short position has already gained 7 points. It looks satisfying, but I’m still a bit worried. --- Playing like this with mainstream coins like XRP—either there’s insider information or they’re really good at gambling. --- Just realizing now? They’ve already entered the market, and we’re still watching the show. --- 20x leverage—this isn’t trading, it’s gambling with your life. --- Invested 5.07 million USD, my monthly salary isn’t even enough to cover their fees. --- XRP is going to fall? My chips are in danger. --- This trading style feels like big funds are behind the scenes moving. --- Both short positions and leverage—feels like the decline is already a done deal. --- Those who can make such large moves are probably not just playing around.

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ser_ngmi

· 01-10 02:29

20x leverage smashing 5.06 million? This guy either knows something we don't or is just a pure gambler. Anyway, I still have to hold onto my XRP...

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WalletInspector

· 01-09 08:55

$5.06 million with 20x leverage, this guy must have some insider information or he's just a gambler. XRP needs to be careful.

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DarkPoolWatcher

· 01-08 12:56

50.6 million 20x leverage? This guy either knows something we don't or just wants to take a gamble.

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ImaginaryWhale

· 01-08 12:54

$5.06 million 20x leverage? Come on, this guy is either crazy or really has some insider information. For mainstream coins like XRP to play like this, it's definitely a bit bold. As retail investors, let's just wait to be harvested haha.

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LiquidatedThrice

· 01-08 12:53

$5.06 million with 20x leverage, this guy is really ruthless. Either he has secret information or he's just looking to die. Wait, is this the market maker shaking out the weak hands? I haven't cut my XRP yet... Honestly, with this move, I think there's definitely a story behind it. Either it drops to $1 or it's a reversal trap. Anyway, it won't be boring. My fate, I have to stay on edge again.

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GateUser-a180694b

· 01-08 12:50

5.06 million USD 20x leverage? This guy either knows something we don't or is just gambling with red eyes. --- XRP has been wiped out again, 2.3 million coins... That scale is indeed a bit scary. --- 20x leverage to short? Are you crazy? Unless you're particularly confident about the subsequent trend... --- Now just ask everyone holding XRP what they think. --- It's down 7% but still in profit, indicating that these big players really have some insider information. --- This trading style... feels like XRP has a story. --- 5.06 million said to be wiped out, definitely a big whale. --- 20x leverage on XRP? Are they burning money like paper? No, they really dare to play.

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MidnightGenesis

· 01-08 12:40

20x leverage hits 5.06 million, this move is a bit significant. What information is the on-chain data not revealing?

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