XRP Whales Take Massive Short Positions Only to Get Crushed

In a reminder of the volatile nature of the crypto market, several large XRP holders attempting short selling faced major losses as their trades were liquidated. Market analyst Xaif highlighted this on X (formerly Twitter), revealing that these whales had positioned themselves with massive short positions, ranging from 40,000 to 100,000 tokens each. This attempt to profit by betting against XRP’s price movement backfired spectacularly as the market surged instead, triggering a chain reaction of liquidations.