Shocking Crypto Drama: Trader Bets $27M Against XRP, Whales Cry & Markets Smirk 😅

In the grand theater of digital coins, a certain audacious trader has galloped into the scene with a staggering $27 million short position on XRP. Yes, you heard that right-twenty times leverage, because why not add a sprinkle of chaos to your morning coffee? 🍵💸

But wait, it gets better! Our flamboyant hero isn’t just stopping at XRP. Oh no, this varchar of volatility has also entangled himself in shorts on Bitcoin and Zcoin, riding the wild winds at 40x and 10x leverage respectively. Looks like someone’s playing Monopoly with real money-just with more risk and fewer rules.

Whales Have a Tepid Swim: 200 Million XRP Flushed Out

Meanwhile, the ocean of crypto is not so calm. Large whales-those folks with a million or more XRP-decided to throw a party of loss, dumping about 200 million coins in just two days. It’s like a whale-sized charity event, but instead of thanks, they get falling prices. 🎉🐋

Santiment reports that only 58.5% of XRP is sitting comfortably in the green, the lowest since November 2024. The other 41.5%-about 26.5 billion tokens-are now the sad victims of market’s cruel joke, trading at a loss despite the prices still being relatively high. Oh, the irony! 💔

Forecasts That Make You Say “Hmm…”

Crypto magician CasiTrades conjures visions of a possible plunge to the 0.5 Fibonacci support level, describing the current chaos as Wave 2 in some Elliott wave dance. A break above 0.382 might just spoil the party, but until then, the stage is set for a dramatic decline.

And a further dip to 0.618? Well, that’s the typical encore in these wave patterns-a prelude to who knows what, perhaps another rally to the moon, or a pot of gold at the end of the rainbow, if the stars align. 🌈🚀

The Never-Ending Drama of XRP

Despite all this turmoil, institutional interest persists like a persistent ex-undeterred and still hanging around, with ETF applications pending approval. Truly, the cryptocurrency saga is nothing if not a never-ending soap opera. 📺💥

Stay tuned, dear reader, for the next episode of “Crypto: The Comedy of Errors.” Spoiler: the market might not be laughing, but oh, how we do!

Read More

• Brent Oil Forecast

• Silver Rate Forecast

• USD CAD PREDICTION

• Gold Rate Forecast

• EUR ZAR PREDICTION

• EUR USD PREDICTION

• EUR NZD PREDICTION

• EUR JPY PREDICTION

• RENDER PREDICTION. RENDER cryptocurrency

• SPX PREDICTION. SPX cryptocurrency

2025-11-19 16:40