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>>Leading trader initiates a massive XRP short, revealing the total position size

Leading trader initiates a massive XRP short, revealing the total position size

crypthub

11/17/2025, 11:50:30 PM

Market Sentiment and Massive Shorts

Weekend market sentiment worsened as crypto prices fell, prompting high‑risk traders to open large leveraged shorts. Lookonchain data shows a prominent Roobet/Stake bettor placed $196 million of notional short positions in Bitcoin, XRP and Zcash. The trader used 40× leverage on Bitcoin (1,555.56 BTC, $148.5 M), 20× on XRP (12.34 M XRP, $27.4 M) and 10× on Zcash (31,016 ZEC, $20.4 M). These orders were entered as Bitcoin briefly slipped to $92,900 and the Fear & Greed Index hit 10, a level unseen since 2022.

Focused Short on XRP and Predictions

XRP’s leveraged short has drawn particular scrutiny, with the token down over 0.64% weekly near $2.16 despite new XRP‑based ETFs. Trader Crashus Clay predicts XRP could plunge to $0.20, arguing reduced retail demand, stable‑coin competition and a weakening XRP/BTC pair. He repeats October’s view that structural shifts in global payments undermine XRP’s value proposition. Clay previously reported $1 M of XRP shorts that generated over $800 k profit during a market dip.

Contrasting Long‑Term Outlook

Nevertheless, a portion of the XRP community remains bullish, citing Ripple’s expanding international partnerships and regulated spot ETFs. Some analysts forecast the token could reach $8‑$10 by year‑end, though this view is heavily contested. The clash between bearish shorts and long‑term optimism underscores heightened near‑term volatility amid shifting macro conditions. Disclaimer: Content is for information only and not financial advice.