Whale Holds $53M XRP Long for 46 Days With $13.5M Unrealized Profit
- —The 35 million XRP position was opened Aug. 19 at $1.0685 with 20x leverage
- —Average entry stands at $1.1298 with $5.31 million margin at 10x leverage
- —Liquidation price of $0.9534 sits 36% below XRP's current $1.516
- —The address still holds $20.5 million in USDC on spot balance
Why it matters: The large held position signals whale conviction in XRP, but its liquidation could add selling pressure on the token.
Source: The Crypto Basic
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