XRP price hits $1.51 as whale opens $3 million long position with 20x leverage

Trader exits swing position after target reached

Crypto analyst EGRAG CRYPTO reported that XRP recently touched the $1.35–$1.50 zone, reaching the target area set for a short-term swing trade. According to the analyst, a trader closed a position originally accumulated between $1.00 and $1.10 as part of a pre-established profit-taking strategy.

The swing position was sold in accordance with the plan, while the long-term XRP holding remains untouched for now, as the trader continues to aim for higher returns in the future.

The trader clarified that the exit was a planned move, not a reaction to market volatility. The longer-term holdings remain active, prioritizing potential future gains instead of short-term fluctuations.

Key technical levels and whale activity

Attention has shifted to the next critical price levels for XRP. Market participants note that the support range of $1.20–$1.30 will be especially significant in determining the coin’s path. Resistance is seen at $1.75, which could act as a potential target during further price recovery. Conversely, if the price fails to maintain support, a fallback to the $0.95–$0.83 region could occur.

A major development was observed when BankXRP reported that a top-ranked crypto trader—listed as B⁺-rated and ranked #2,209—opened a leveraged long position worth $3.08 million on XRP. The trade was entered at approximately $1.5465, using 20x leverage, reflecting a strong conviction in future gains despite a current unrealized loss.

The whale’s aggressive use of leverage highlights growing confidence among influential market players, who seem unmoved by recent minor price pullbacks.

Mini dictionary: 20x leverage, a common trading strategy that allows investors to control a position twenty times greater than their capital. While it increases potential returns, it significantly raises the risk of liquidation if the price moves against the position.

Whale accumulation and technical breakout potential have both contributed to growing optimism among XRP holders, especially as sentiment across the cryptocurrency sector improves alongside upward movement in Bitcoin.

Outlook and investor focus

With bullish momentum building, investors are closely monitoring whether XRP can sustain its position above the critical $1.20–$1.30 support range. A maintained support level could give rise to a renewed move toward the $1.75 resistance area in the near term.

If the coin is unable to hold support, the next downside targets are $0.95 and $0.83. Volatility remains a significant risk as whales take large, leveraged positions and technical setups continue to unfold.

Sustaining the key support range of $1.20–$1.30 will be vital for XRP to extend its current bullish outlook, while losing this band could trigger further declines.

Market experts are considering both aggressive whale action and general crypto market momentum as major factors that could steer XRP’s price in the near future. The broader upswing in Bitcoin provides additional tailwinds for bullish traders.