Wealth Manager Shorts XRP says If You’re Still Holding XRP, You Should Be Worried

Widely followed crypto trader Wealth Manager (@Wealthmanager on X) has sparked fresh concern in the XRP community by publicly announcing a bearish position on the asset.

This comes as the price of XRP continues to revisit new lows last seen in 2024. Specifically, XRP has dipped 14.22% today, touching $1.30. The last time XRP traded at this level was in November 2024.

Key Points

Holding XRP? “You Should Be Worried”

In a recent post, trader @Wealthmanager warned XRP holders, stating that anyone still holding the token “should be worried.”

The comment gained traction as XRP continues to struggle below key price levels following a market-wide pullback. Notably, Bitcoin has dipped more than 8.5% today to $69,555, dragging the broader crypto market lower.

XRP is among the largest-cap assets posting the steepest losses, down roughly 14% today alone and extending its weekly decline to 27%. Meanwhile, some market analysts believe the worst may still lie ahead, even though XRP is already down over 61% from its 2025 peak.

Wealth Manager Confirms Active XRP Short Position

Shortly after issuing the warning, Wealth Manager confirmed that he has opened a short position on XRP, adding that he expects the price to revisit the $1 level.

To support the claim, he shared a screenshot of his perpetual futures position showing:

• Position size: 100,000 XRP
• Margin: approximately $50,733 USDT
• Entry price: $1.522
• Market price at the time: around $1.508
• Unrealized profit: over $1,300
• Leverage: 3×

The trade signals a strong conviction that XRP’s current market structure remains weak as the price continues to trend lower from recent highs.

Chart Points to Deeper Downside Risk

The chart shared by the trader highlights XRP’s reversal from its peak near $3.66. From that level, XRP has already recorded a sharp decline, with the chart projecting the possibility of further downside if key support levels fail.

Based on the technical setup, the highlighted move suggests a potential drop of more than 60% from current levels. This places XRP’s price in the $0.47–$0.50 range.

While XRP still maintains strong community support and long-term adoption prospects, short-term sentiment is turning cautious. A public short position from a well-followed trader has added to market uncertainty.

New Accumulation Zones for XRP

Notably, this bearish outlook is shared by other market participants. Analyst Crypto Patel says XRP has entered its first accumulation zone between $1.50 and $1.30—an area that has historically attracted buyers. He advises slow, gradual accumulation rather than rushing in, noting that market bottoms often take time to form.

If XRP falls below $1.30, Patel believes a deeper decline toward the $0.90–$0.70 range could present an even better long-term opportunity.

Despite the near-term weakness, Patel still sees XRP reaching double-digit prices over the long term, with a potential move toward $10 once the bearish phase fully plays out. He argues that buying during deep pullbacks offers a better risk-reward profile than chasing prices near market highs.