Crypto Michael's XRP Long Position Returns Over +830% with 20x Leverage

Crypto trader Crypto Michael has kept his $XRP long position open since July, and it's paid off in a big way. The screenshot of his XRPUSDT perpetual contract shows an entry price of $0.9918 and a mark price of $1.4036, representing a return of +830.51% with 20x leverage.

This is not the first time Michael has been optimistic about XRP's prospects. In July, he tweeted that he was accumulating the asset, saying 'You're about to see why.'

At the time, his weekly chart showed XRP around $1.06, trading near the bottom of a large falling-wedge structure that had developed after its decline from above $3.