Top Trader Opens XRP 20x Long After $1.3 Dip as Hyperliquid Whale Bets on Rebound

A crypto whale has opened a massive 20x leveraged long position on $XRP on Hyperliquid.

The move comes amid an $XRP price dip, suggesting expectations of a rebound despite the recent market-wide correction.

$XRP community figure Xaif highlighted the trade in a post on X, revealing that the trader entered a 792,200 $XRP long position at an entry price of $1.3564.

The position was worth more than $170,000 with a maximum 20x leverage. This massive positioning has drawn attention as market watchers debate whether smart money could be setting ahead of a major move.

“Leveraged to the max. Whales don’t do this for fun,” Xaif wrote.

Key Points

A crypto whale opened a 20x leveraged $XRP long on Hyperliquid amid the recent market-wide correction.

The trader entered 792,200 $XRP at $1.3564, signaling expectations of a strong price rebound soon.

Profits from Bitcoin and $HYPE leveraged trades are helping offset losses from the underwater $XRP position.

Analysts say rising $XRP open interest and heavy shorting could increase chances of a short squeeze.

Whale’s $XRP Bet Comes During Market Weakness

At the time of writing, CoinMarketCap data showed $XRP trading around $1.32, down 1.35% over the past 24 hours. The decline closely mirrors weakness across the crypto market, with Bitcoin and several major altcoins also slipping amid risk-off sentiment, ETF outflows, and macroeconomic uncertainty.

The trader’s entry at $1.3564 means the position is currently underwater, with $XRP trading below the open. Because the trade uses 20x leverage, relatively small price swings can significantly amplify gains or losses.

The screenshot shared by Xaif showed the $XRP position carrying an unrealized loss of roughly $3,757 at the time the image was captured. With $XRP trading at $1.32, the loss would be nearing $30,000.

However, the same trader is offsetting some of those losses through several profitable positions elsewhere in the portfolio.

Bitcoin and $HYPE Trades Cushion $XRP Losses

Data from the Hyperliquid screenshot showed the trader holding multiple large leveraged positions across the crypto market.

The biggest winning trade was a 40x leveraged Bitcoin long position involving 254.98 BTC. That trade showed unrealized profits of more than $138,000, up over 28%.

Another standout winner was a 10x leveraged $HYPE position, which carried profits exceeding $74,000.

Additional profitable positions included ZEC, SOL, AAVE, and FARTCOIN trades, all posting gains at the time of the screenshot.

Meanwhile, some positions were deeply negative alongside $XRP. A leveraged PUMP trade was down more than $16,000, while KPEPE and AVAX positions were also in the red.

With this broad mix of positions, the trader is using profits from winning bets like Bitcoin and $HYPE to cushion temporary drawdowns from higher-risk positions.

$XRP Derivatives Data Signals Possible Short Squeeze

Xaif had earlier pointed to unusual $XRP derivatives activity that may support a bullish outlook.

According to the analyst, $XRP open interest recently climbed to a 30-day high above 60 million coins. At the same time, Binance perpetual futures cumulative volume delta reportedly fell to negative $641.9 million, while spot cumulative volume delta rose to positive $397.3 million.

The divergence suggests spot buyers may be accumulating $XRP while futures traders continue aggressively shorting the asset.

Some traders believe this setup could increase the chances of a short squeeze if $XRP suddenly reverses upward, forcing leveraged short sellers to close positions rapidly.

The whale’s decision to open a maximum-leverage $XRP long during a market dip implies hopes that such a rebound could happen soon.