$14 Million in XRP Just Moved, Analyst Says This Could be a Calm Before the Storm
2025-07-10 20:17:35
Main Idea
A $14.03 million long position in XRP has been opened on Hyperliquid, sparking speculation about a potential major market event as XRP's price shows bullish momentum.
Key Points
1. A whale opened a $14.03 million long position in XRP at approximately $2.30 per XRP, with a liquidation price at $1.5782, indicating a high-risk, high-reward strategy.
2. XRP's price has increased by 3.79% in the past 24 hours, reaching $2.44, with analysts noting a breakout above the $2.20 resistance level.
3. Analysts suggest that if XRP holds above $2.40, the next major resistance levels are between $2.70 and $2.90, with potential for a trend reversal if it surpasses $2.90.
4. The trade has intensified focus on XRP's next moves amid its broader macro backdrop, including the legal battle between Ripple and the SEC.
5. XRP's trading volume and open interest are rising, with some viewing the breakout as a precursor to a larger market move.
Description
A massive $14.03 million long position in XRP has just been opened on the Hyperliquid platform, sparking intense debate among traders and analysts. The move, first reported by XRP Governor on X, comes amid growing bullish momentum for XRP and speculation that a major market event could be on the horizon. Whale Takes Bold Position at $2.30 The trade was executed at approximately $2.30 per XRP, with the position already up $152,544 as XRP now trades around $2.43. However, the whale’s liquidation p...
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