A trader has taken a $2.02 million short position on XRP with 20x leverage, and the trade already has an unrealized loss as XRP trades above the position’s entry price.
Crypto analyst Xaif Crypto shared the trade details on X, showing how the trader continues to hold and add to the short while XRP moves higher.
The position now faces a liquidation price of $1.6408, giving the trade a clearly defined level that could become critical if XRP maintains its upward move.
🚨 THIS TRADER IS GETTING REKT ON XRP 🚨
Wallet holding a $2.02M SHORT on XRP with 20x leverageEntry: $1.5453
Liq. Price: $1.6408XRP is grinding UP while this guy keeps adding to his shortBears about to learn a very expensive lesson. https://t.co/i74Ki4I3u1 pic.twitter.com/bNPat6T037
— Xaif Crypto (@Xaif_Crypto) September 21, 2026
Trader Adds $1.06M To XRP Short
Xaif Crypto shared a screenshot showing the trader’s current XRP short in a notional value of $2.02 million. The trader has committed $100.8K in margin and 20x leverage on the position.
The trader entered the short at approximately $1.5453, while the screenshot shows XRP at a mark price of $1.5577. That price difference has pushed the position into an unrealized loss of about $15.3K.
The trading history shows the trader opened a $956.7K short approximately one hour before the screenshot. The entry price for that position stood at $1.5456. The trader then added another $1.06 million to the short, bringing the total position to roughly $2.02 million.
Xaif Crypto wrote, “XRP is grinding UP while this guy keeps adding to his short,” pointing to the trader’s decision to increase the position despite XRP moving above the entry area.
$1.6408 Liquidation Price
The trader’s 20x leverage places the liquidation price at $1.6408, according to the screenshot shared by Xaif Crypto. XRP would therefore need to move substantially higher from the displayed $1.5577 mark price to reach that level.
Xaif Crypto described the trade as a major risk for the trader and wrote, “Bears about to learn a very expensive lesson.” The analyst also used the phrase “getting REKT” to describe the current position.
The screenshot shows that the trader’s position remains open despite the existing loss. Although the account also records a previous XRP trade with a $7.5K largest win and a $31K largest loss, the screenshot does not establish whether those trades relate directly to the current $2.02 million position.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Traders React To The Leveraged Short
The post also received comments about the trader’s use of 20x leverage. Macro Bombastic wrote, “20x on a short is wild man, I’d be sweating,” focusing on the leverage attached to the position.
Jeff Ross referenced Xaif Crypto’s earlier coverage of the same trader. He asked why the trader didn’t close the position when XRP reached $1.35, noting the trade had previously produced a profit. Ross attributed the decision to remain in the position to “Greed.”
For now, the screenshot shows the trader maintaining the $2.02 million XRP short while the asset trades above the average entry price. The $1.6408 liquidation level remains the key price displayed for the position as XRP continues to move.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
