XRP Whale Opens $30.9M Long Position Amid Market Pullback

A crypto whale identified as “0xf79C” has taken a significant bullish stance on XRP, opening a large leveraged trade within the past four hours. The trader established a 27.9 million XRP long position at 20x leverage, valued at approximately $30.9 million, with an entry price of $1.12 and a liquidation level of $0.92.

At the time of reporting, XRP is trading near $1.10, marking a 3% drop over the past 24 hours and leaving the position slightly below its entry level.

Alongside the XRP exposure, the same wallet is also holding a sizable Bitcoin long position. The trade includes 809.9 BTC at 20x leverage, valued at approximately $50.6 million, and is currently sitting on unrealized losses exceeding $2.6 million.

Source: Onchain Lens