A Grade B+ Hyperliquid wallet has opened a $1.21 million short position on XRP at an entry price of $1.4104, using 15x leverage. Crypto commentator Xaif (@Xaif_Crypto) shared the wallet data and wrote: “Smart short or a squeeze setup?”
The wallet carries a $10.68 million account, a 30-day realized PnL of +$1.25 million, and a Sharpe ratio of 6.83. It has been active across 6,470 transactions, averaging 37.8 trades per day.
The Position
The XRP short is $1.21 million notional and $80.7K in margin. The entry is $1.4104. The liquidation price is $1.8576. That gives the trade significant room before a forced exit, but at 15x leverage, any sustained move toward that level accelerates losses fast.
The wallet currently holds 8 open positions. Two are long: ENA at $455.2K and ETH at $2.64 million. Six are short: AVAX, NEAR, SOL, UNI, XRP, and ZEC. Total short exposure sits at $6.84 million. Total long exposure is $3.09 million. This wallet is positioned heavily to the downside across multiple assets.
The XRP short opened on Sep 20 at 10:16 PM, with an entry of $1.4107. The trader added to the position at 10:37 PM, averaging down to $1.4103. The position has a +$760.3K notional gain from the open and a further +$450.4K from the add.
Someone is betting AGAINST ripple:native with big leverage.
$1.2M short, 15x, entry $1.41.His liq price is $1.85. Smart short or a squeeze setup? 👇 https://t.co/aiCru2xDBy pic.twitter.com/18WWKLfEwx
— Xaif Crypto (@Xaif_Crypto) September 20, 2026
How it Fits the Landscape
This short does not exist in isolation. Earlier data showed 16 of the top 20 XRP traders on Hyperliquid held short positions. Most entered between $1.22 and $1.52 at 20x leverage. Many of those traders absorbed unrealized losses as XRP pushed higher. This current wallet adds to that crowded short side.
Meanwhile, a separate whale built a $51.1 million XRP long position starting August 19, running counter to the dominant short-side conviction. A Grade S-ranked wallet with a 99.1% win rate also recently added $933K to an XRP long position, strengthening the opposing side.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
The Potential Outcome
The trade sets up a clear binary. If XRP fails to sustain its current price level and pulls back, this short profits. The position already shows gains from the Sep 20 entries. The risk sits on the upside.
Crowded XRP shorts at clustered entry prices create squeeze conditions, and these positions are dominating. If XRP recovers with momentum, leveraged short positions face mounting losses. At 15x, the math moves quickly.
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.
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