Someone’s Betting Big Against XRP Right Now

Xaif suggested that the investor is a liquidation hunter. The total position now sits at $2.18 million notional with $436.4K in margin. The liquidation price is $1.7760. The wallet is 100% short-biased with no open long positions.

The short opened on Aug 23 at 11:07 PM at an entry of $1.5157, with the addition bringing the average entry to $1.5140. At the time of the video, the mark price was $1.5062, putting the position slightly in profit.

The Trader Behind the Position

This is not a random wallet. It holds a 70% win rate across 92 transactions, a Sharpe ratio of 1.62, and a profit factor of 5.98. The wallet averaged +$9.6K daily P&L over the past 30 days, realizing +$28.9K in that period. Its best day was Aug 20 at +$17.0K. Its worst was Aug 23 at -$3.3K.

The largest single XRP win on record for this wallet was +$15.1K. The largest loss was -$5.7K. The trader executes an average of 3.0 trades per day.

XRP’s Recent Price Movement

XRP had a sharp week. The token bottomed near $0.9862 before surging over 50% to about $1.51. The rally drew fuel from multiple sources. The US Treasury announced on Aug 19 that it would double its long-term bond buyback operations from $2 billion to at least $4 billion per operation, effective Sep 9. That pushed the 30-year yield down from a 19-year high of 5.337% and lifted risk appetite across crypto markets.

XRP led the altcoin rally. Spot XRP ETFs recorded $39.78 million in net inflows for the week ending Aug 21, their strongest week since May 2026. A White House crypto summit attended by Ripple’s CEO added further momentum.

What Comes Next?

The wallet’s track record demands attention. Whether the short pays off depends on whether XRP holds above $1.50 or gives back more of its gains.