Crypto
Trader Bets Big on XRP Reversal, Faces $2M Loss with 20x Leverage
A trader has taken a significant short position on XRP, with a notional value of $2.02 million and 20x leverage.
The trade was opened with an entry price of approximately $1.5453, but XRP has since moved above this level, putting the position into an unrealized loss of about $15.3K.
The trader continued to add to the short, bringing the total position to $2.02 million, and the liquidation price is now set at $1.6408.