thecryptobasic.com 
A crypto whale has opened a massive 20x leveraged long position on $XRP on Hyperliquid.
The move comes amid an $XRP price dip, suggesting expectations of a rebound despite the recent market-wide correction.
$XRP community figure Xaif highlighted the trade in a post on X, revealing that the trader entered a 792,200 $XRP long position at an entry price of $1.3564.
The position was worth more than $170,000 with a maximum 20x leverage. This massive positioning has drawn attention as market watchers debate whether smart money could be setting ahead of a major move.
“Leveraged to the max. Whales don’t do this for fun,” Xaif wrote.
Key Points
- A crypto whale opened a 20x leveraged $XRP long on Hyperliquid amid the recent market-wide correction.
- The trader entered 792,200 $XRP at $1.3564, signaling expectations of a strong price rebound soon.
- Profits from Bitcoin and $HYPE leveraged trades are helping offset losses from the underwater $XRP position.
- Analysts say rising $XRP open interest and heavy shorting could increase chances of a short squeeze.
Whale’s $XRP Bet Comes During Market Weakness
At the time of writing, CoinMarketCap data showed $XRP trading around $1.32, down 1.35% over the past 24 hours. The decline closely mirrors weakness across the crypto market, with Bitcoin and several major altcoins also slipping amid risk-off sentiment, ETF outflows, and macroeconomic uncertainty.
The trader’s entry at $1.3564 means the position is currently underwater, with $XRP trading below the open. Because the trade uses 20x leverage, relatively small price swings can significantly amplify gains or losses.
The screenshot shared by Xaif showed the $XRP position carrying an unrealized loss of roughly $3,757 at the time the image was captured. With $XRP trading at $1.32, the loss would be nearing $30,000.
However, the same trader is offsetting some of those losses through several profitable positions elsewhere in the portfolio.
Bitcoin and $HYPE Trades Cushion $XRP Losses
Data from the Hyperliquid screenshot showed the trader holding multiple large leveraged positions across the crypto market.
The biggest winning trade was a 40x leveraged Bitcoin long position involving 254.98 BTC. That trade showed unrealized profits of more than $138,000, up over 28%.
Another standout winner was a 10x leveraged $HYPE position, which carried profits exceeding $74,000.
Additional profitable positions included ZEC, SOL, AAVE, and FARTCOIN trades, all posting gains at the time of the screenshot.
Meanwhile, some positions were deeply negative alongside $XRP. A leveraged PUMP trade was down more than $16,000, while KPEPE and AVAX positions were also in the red.
With this broad mix of positions, the trader is using profits from winning bets like Bitcoin and $HYPE to cushion temporary drawdowns from higher-risk positions.
$XRP Derivatives Data Signals Possible Short Squeeze
Xaif had earlier pointed to unusual $XRP derivatives activity that may support a bullish outlook.
According to the analyst, $XRP open interest recently climbed to a 30-day high above 60 million coins. At the same time, Binance perpetual futures cumulative volume delta reportedly fell to negative $641.9 million, while spot cumulative volume delta rose to positive $397.3 million.
The divergence suggests spot buyers may be accumulating $XRP while futures traders continue aggressively shorting the asset.
Some traders believe this setup could increase the chances of a short squeeze if $XRP suddenly reverses upward, forcing leveraged short sellers to close positions rapidly.
The whale’s decision to open a maximum-leverage $XRP long during a market dip implies hopes that such a rebound could happen soon.
