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via CoinDesk · By CoinDesk Staff

A crypto whale has made a $224,000 bet that XRP's price stays perfectly flat through June

XRP

XRP/USDT

$1.4206

+1.14%

$1.4206

+1.14%

(24s)

24h Volume

$1,209,127,051.76

24h H/L

$1.4327 / $1.4012

Change: $0.0315 (2.25%)

Long/Short

74.1%

Long: 74.1%Short: 25.9%

Funding Rate

+0.0027%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.4191

▲ 0.48%

Volume (24h): -

Resistance Levels

Resistance 3$1.6185

Resistance 2$1.5472

Resistance 1$1.4461

Price$1.4191

Support 1$1.3872

Support 2$1.3098

Support 3$1.186

Pivot (PP):$1.4114

Trend:Sideways

RSI (14):61.7

CoinDesk Staff

(09:34 AM UTC)

1 min read

Updated byMichael Roberts

0 comments

The trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.

A massive XRP derivatives play is betting that its price goes nowhere until the end of June, even as macro headwinds and regulatory developments suggest a volatility boom.

The move hit the tape on crypto exchange Deribit as a single-block trade, meaning it was a large transaction executed…

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Source

CoinDesk Staff · CoinDesk

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