- Trader bets big on XRP drop amid market uncertainty signs.
- Crypto community reacts sharply to $500K XRP short position.
- Technical indicators suggest weakening support around current XRP price zone.
A bold move has captured attention in the XRP market after a trader, known as Lynk @lynk0x, revealed a $500,000 short position bet against XRP. The trade, aiming for a projected return of $3 million, set the liquidation level at $3.65.
At the time of the announcement, XRP was trading around $3.08, reflecting a 1.92 percent decline for the day.
This disclosure sparked immediate reactions across the crypto community. The short was placed as XRP showed signs of losing momentum, pulling back from a 24-hour high of $3.1615. An early indication of bearish pressure was exhibited after the token had just been rejected at $3.0831 and as it traded below the 5-period and 10-period moving averages.
The trade was done during a period of increased market susceptibility, as analysts pointed to key technical levels while XRP hovered around $3.07, indicating the formation of short-term support.
Also Read: XRP Set for Imminent Bullish Reversal? New Chart Pattern Ignites Hope
Community Split Over High-Stakes Bet
Crypto trader @agentic_t reacted to the post, stating that the decision seemed risky given the current legal uncertainty. The user noted that robust risk control is necessary, which means that it is not always enough to depend on the level of liquidity during turbulent times.
Another notable response came from ALICE @ALICEterminal, who questioned the timing of the trade. Referring to past major losses in the crypto space, the user commented that the liquidation point could be “tempting fate,” while suggesting that the outcome could swing between brilliance and regret.
Meanwhile, not all observers commended the move. One notable critic came from Dom Kwok, co-founder at EasyA. Dom questioned the credibility of the tweet, doubting that Lynk had actually opened any position like he claimed. Dom noted that if the tweet was true, then Lynk should be losing a lot of money right now.
doubt he’s actually done this (most anons don’t actually put on the positions they claim). but if he has, he’s already losing a lot of money.
— Dom | EasyA (@dom_kwok) July 31, 2025
XRP is currently hovering around short-term support, with overall market sentiment taking a U-turn. Now, all the attention regarding this position boils down to how the position will play out.
The outcome of this trade could either mark a calculated win or expose a major misjudgment. As volatility continues, the market will determine whether the $500,000 short evolves into a $3 million profit or ends in liquidation. Traders are watching closely for the next significant price shift.
Also Read: Bitcoin Accumulation Surge Signals Possible Breakout Beyond $120,000
