Whale Trader Takes a $52 Million XRP Long Bet

A large trader has reportedly opened an XRP long position worth over $52 million using 10x leverage, according to crypto analyst Steph Is Crypto.

The trade's size has raised questions about the trader's expectations for XRP, particularly because such a position carries significant liquidation risk.

The position would require approximately $5.2 million in collateral and gives the trader exposure to a position roughly ten times larger than the capital committed as margin.

The analyst suggested that 'He must know something,' implying speculation that a trader willing to take such exposure may have a strong reason for expecting XRP to rise.