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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

$1.078

-2.20%

$1.078

-2.20%

(24s)

24h Volume

$1,130,902,035.54

24h H/L

$1.107 / $1.0462

Change: $0.0608 (5.81%)

Long/Short

74.8%

Long: 74.8%Short: 25.2%

Funding Rate

-0.0024%

Shorts pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.0717

▼ -0.18%

Volume (24h): -

Resistance Levels

Resistance 3$1.1424

Resistance 2$1.1139

Resistance 1$1.0733

Price$1.0717

Support 1$1.0462

Support 2$0.9093

Support 3$0.8378

Pivot (PP):$1.0729

Trend:Downtrend

RSI (14):33.5

CoinDesk Staff

(09:34 AM UTC)

1 min read

Updated byMichael Roberts

1460 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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