🤑 XRP Crash Alert: One Trader’s $27M Bet Against the Moon 🌕

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Well, butter my biscuit and call me confused! 🧈🥴 In the wild, wacky world of cryptocurrency, where numbers dance like drunks at a wedding, one particularly bold trader has decided to put his money where his mouth is-and by “money,” I mean a cool $27 million. Yes, you read that right. This financial daredevil is betting that XRP, the altcoin that’s been acting like a moody teenager lately, is about to face-plant harder than I did at my first salsa class. 💃🤕

According to the ever-watchful folks at Lookonchain, this trader isn’t just dipping his toes in the short-selling pool-he’s doing a cannonball. With a 20x short position on XRP worth $27.4 million, he’s essentially saying, “I’ll take ‘Bad Bets’ for $27 million, Alex.” And just for fun, he’s also shorting Bitcoin and ZEC with positions worth $148.5 million and $20.4 million, respectively. Because why stop at one bad idea when you can have three? 🎲💸

Meanwhile, XRP is looking about as stable as a Jenga tower in a wind tunnel. Despite the recent launch of Canary’s XRP ETF-which, let’s be honest, was supposed to be its saving grace-the coin is still struggling like a fish out of water. 🌊🐟 Ali Martinez, the crypto oracle with a knack for doom and gloom, predicts XRP could soon dip below the $2 mark. Because nothing says “psychological barrier” like a number ending in a zero, right? 🤯

Adding insult to injury, Santiment data shows that XRP whales-those big fish holding between 1 million and 10 million coins-recently dumped nearly 200 million coins in just 48 hours. That’s like showing up to a potluck and eating all the deviled eggs before anyone else gets there. 🥚🙄 Glassnode chimes in with the cheerful news that only 58.5% of the XRP supply is in profit, the lowest since November 2024. Because who doesn’t love a market that’s “structurally fragile”? 🏗️💥

CasiTrades, another crypto guru, reckons XRP is headed for a date with the $2.03 support level, which is about as exciting as a trip to the DMV. But hey, she’s not all doom and gloom-she thinks this could be the setup for a massive Wave 3 rally to new all-time highs. Because nothing says “bullish” like a coin that’s currently acting like it’s got lead in its digital boots. 🚀👢

So, there you have it, folks. XRP is either on the brink of disaster or the cusp of greatness, depending on who you ask. One thing’s for sure: this trader’s $27 million bet is either genius or the financial equivalent of yelling “Hold my beer” before attempting a backflip off a cliff. 🍻🤸‍♂️🌋

As of now, XRP is trading at around $2.15, down in the last 24 hours. But hey, in the crypto world, that’s just another Tuesday. 📉🤷‍♂️

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2025-11-19 16:38