- Whale enters XRP with $16.6M as market watches closely.
- Strategic market entries hint at high-conviction XRP price play.
- Rising funding fees begin to eat into early position gains.
A newly activated wallet has stunned the XRP community after placing a $16.6 million long position using 2x isolated leverage. The whale entered in three back-to-back market orders, buying a total of 5,175,112 XRP as the price dipped around $3.20.
According to HypurrScan, the orders were executed at $3.2029, $3.2051, and $3.2061. This move came just after several large limit orders between $3.44 and $3.45 failed to fill. Instead of waiting, the wallet switched to market execution, signaling urgency and high confidence in the trade setup.
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Currently, XRP is trading slightly above $3.21, keeping the position narrowly profitable. The whale’s average entry sits just below the current price, making the timing appear calculated. Notably, this activity occurred as the token touched mid-range support and bounced, aligning closely with intraday Bollinger Band levels.
The wallet now holds $22.7 million in total across two active trades—XRP and SOL. While the XRP long is up $87,227 in unrealized gains, the SOL position adds $9,672. However, rising funding costs are starting to cut into profits. Combined fees for the two positions have already crossed $21,500.
Behind the Bet: Strategic Timing and Market Reactions
The size and execution method of this XRP trade have fueled speculation about the wallet’s strategy. Market entries were made right as XRP retraced, suggesting a well-timed reaction to short-term support levels. Observers believe the whale may be aiming to ride the next upward breakout if momentum continues.
Still, the risk is substantial. The liquidation point for the XRP position is set at $1.6402, nearly 50 percent below entry. While far from current prices, such a drop could erase the entire position. Traders remain alert as any strong market reversal could trigger forced liquidation.
For now, XRP’s price continues to hover near the whale’s entry zone. If the token breaks above recent highs, the position could become significantly profitable. Until then, the whale’s bold move remains one of the most watched in the market.
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