Wealth Manager Shorts XRP says If You’re Still Holding XRP, You Should Be Worried

Widely followed crypto trader Wealth Manager (@Wealthmanager on X) has sparked fresh concern in the $XRP community by publicly announcing a bearish position on the asset.

This comes as the price of $XRP continues to revisit new lows last seen in 2024. Specifically, $XRP has dipped 14.22% today, touching $1.30. The last time $XRP traded at this level was in November 2024.

Key Points

Holding $XRP? “You Should Be Worried”

In a recent post, trader @Wealthmanager warned $XRP holders, stating that anyone still holding the token “should be worried.”

The comment gained traction as $XRP continues to struggle below key price levels following a market-wide pullback. Notably, Bitcoin has dipped more than 8.5% today to $69,555, dragging the broader crypto market lower.

$XRP is among the largest-cap assets posting the steepest losses, down roughly 14% today alone and extending its weekly decline to 27%. Meanwhile, some market analysts believe the worst may still lie ahead, even though $XRP is already down over 61% from its 2025 peak.

$XRP charts

Wealth Manager Confirms Active $XRP Short Position

Shortly after issuing the warning, Wealth Manager confirmed that he has opened a short position on $XRP, adding that he expects the price to revisit the $1 level.

To support the claim, he shared a screenshot of his perpetual futures position showing:

• Position size: 100,000 $XRP
• Margin: approximately $50,733 USDT
• Entry price: $1.522
• Market price at the time: around $1.508
• Unrealized profit: over $1,300
• Leverage: 3×

The trade signals a strong conviction that $XRP’s current market structure remains weak as the price continues to trend lower from recent highs.

Chart Points to Deeper Downside Risk

The chart shared by the trader highlights $XRP’s reversal from its peak near $3.66. From that level, $XRP has already recorded a sharp decline, with the chart projecting the possibility of further downside if key support levels fail.

Based on the technical setup, the highlighted move suggests a potential drop of more than 60% from current levels. This places $XRP’s price in the $0.47–$0.50 range.

While $XRP still maintains strong community support and long-term adoption prospects, short-term sentiment is turning cautious. A public short position from a well-followed trader has added to market uncertainty.

New Accumulation Zones for $XRP

Notably, this bearish outlook is shared by other market participants. Analyst Crypto Patel says $XRP has entered its first accumulation zone between $1.50 and $1.30—an area that has historically attracted buyers. He advises slow, gradual accumulation rather than rushing in, noting that market bottoms often take time to form.

If $XRP falls below $1.30, Patel believes a deeper decline toward the $0.90–$0.70 range could present an even better long-term opportunity.

Despite the near-term weakness, Patel still sees $XRP reaching double-digit prices over the long term, with a potential move toward $10 once the bearish phase fully plays out. He argues that buying during deep pullbacks offers a better risk-reward profile than chasing prices near market highs.