u.today
Most cryptocurrencies, especially in the top 100, are trading down early Sunday session, including $XRP.
At the time of writing, $XRP was down 1.34% in the last 24 hours to $2.22. $XRP is entering its sixth day of drop from the Nov. 11 high of $2.56 to reach a low of $2.18 early Sunday.
According to TradingView data, $XRP closed the week down 5.97%, marking three straight weeks of drop. The drop has caused $XRP to lose a crucial weekly support (the weekly MA 50 now at $2.543), which had held up its price since it started rising in November 2024.
As traders eye a potential reversal in the market, on-chain data reveals a massive $XRP short position has been opened.
According to Lookonchain, a crypto trader linked to Roobet and Stake was shorting again, opening massive shorts with maximum leverage on Bitcoin, $XRP and Zcash ($ZEC) for a total position size of $196 million.
This Roobet & https://t.co/ZZPnpTmYqj gambler is shorting again — opening massive shorts with max leverage on $BTC (40x), $XRP (20x), and $ZEC (10x), for a total position size of $196M!
— Lookonchain (@lookonchain) November 16, 2025
1,555.56 $BTC($148.5M)
12.34M $XRP($27.4M)
31,016 $ZEC($20.4M)https://t.co/EkYLj6XfPG pic.twitter.com/LKBbcxAk09
The trader opened a 20x $XRP position of 12.34 million $XRP worth $27.4 million. The opening of the long position coincides with increased whale activity for $XRP. According to Ali, whales sold nearly 200 million $XRP in the last 48 hours, contributing to the price drop.
$XRP whale activity surges
$XRP is seeing increased whale activity following the successful launch of the Canary $XRP ETF, which recorded $58 million in day-one volume, the most of any ETF launch so far.
According to Ali, a crypto analyst, $XRP recorded 716 whale transactions, each worth more than $1 million, which is the highest count in four months.
Blockchain data tracker Whale Alert reports two transactions of 45 million $XRP each, worth over $101 million, moved between unknown wallets.