Hyperliquid Whale Just Went Long on XRP. Here’s the Latest

Key Points

1. A whale (wallet address 0x9d8c) opened a $1.10 million long position on XRP at $2.2112 with 20x leverage on Hyperliquid.

2. The leveraged position indicates high conviction but also significant risk, as a 5% price swing could lead to large profits or losses.

3. XRP has shown resilience recently, trading between $2.10 and $2.30, with whales previously accumulating $782 million worth of XRP.

4. The whale's move may anticipate a breakout above $2.30, but a drop below $2.10 could trigger liquidations and increased volatility.

5. Market speculation includes potential XRP spot ETF rumors and Ripple's regulatory clarity, adding to the long-term bullish sentiment.