Top Trader Opens XRP 20x Long After $1.3 Dip as Hyperliquid Whale Bets on Rebound

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.