XRP Whale Faces $4 Million Liquidation but Maintains Large Position Amid Volatile Price Action

Key Points

1. The XRP long liquidation of $4.12 million occurred as the price briefly dipped below $3.18, triggering forced exits on a highly leveraged 20x position.

2. The whale wallet continues to hold 593 million XRP, valued just under $19 million, and actively adjusted its exposure multiple times within minutes.

3. In the past hour, total long liquidations across the market surpassed $45.8 million, with XRP accounting for more than $4 million of these losses.

4. The trader’s decision to double down after a loss of over $100,000 reflects a high-stakes strategy with a liquidation price approaching $3.108.

5. Leverage amplifies both gains and losses in XRP trading, with high leverage like 20x making positions vulnerable to forced exits.