A fresh alert from STEPH IS CRYPTO on X has set the
$XRP community buzzing: reports suggest a whale has just closed a $10.21 million long position at $2.56.
So far, no major exchange or blockchain analytics platform has confirmed this single, discrete close. While this doesn’t disprove the claim, it highlights the possibility that the trade may have occurred through private OTC deals or spread across multiple exchanges, making it harder to track in real time.
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✨ Market Backdrop
$XRP is currently trading near $3 with steady volumes.
Its deep liquidity makes multi-million-dollar positions possible without instantly shocking the market.
Recent sessions have shown modest upward trends, creating conditions for whales to reposition quietly.
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✨ Why It Matters
If this was a profit-taking exit, the effect may be minimal, just absorbing liquidity.
If it was a forced liquidation, it could reveal margin stress and trigger cascading liquidations.
Past events (like July’s $100M wipeout) prove that large derivatives closures can swing XRP heavily.
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✨ Key Signals to Watch
Exchange inflows for large XRP transfers
Open interest spikes on futures markets
Liquidation trackers for delayed whale closures
If no on-chain or exchange confirmations surface soon, this may remain an off-exchange maneuver.
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✅ Bottom Line
At this stage, the only direct source of the report is STEPH IS CRYPTO’s post. The claim is credible but unverified. Still, the suggestion alone has stirred sentiment—because in crypto, whales don’t just move money, they move markets.
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