A prominent XRP whale has made headlines in the crypto market with $2.33 million in unrealized profits from a $9 million long position, sparking widespread attention, according to STEPH IS CRYPTO, a well-followed market commentator, who posed the pressing question: “What does he know?” In a market where sentiment often pivots on large-scale moves, this position has sparked intense speculation. Long positions of this size are rarely casual bets—they typically reflect strong conviction, whether rooted in technical analysis, insider timing, or broader institutional foresight. Whale Confidence Amid Mixed Signals The timing of this long is especially noteworthy given current market conditions. XRP is trading at $3.05 as of report time, after touching an intraday high of $3.08 and a low of $2.97. This range-bound behavior comes after weeks of volatility and a roughly 20% drawdown from mid-July highs. While this whale’s profitable long suggests bullish momentum may be building , recent data paints a more complex picture. Over the past three weeks, XRP whales have dumped over 640 million tokens, worth an estimated $340 million, signaling heavy distribution and casting doubt on short-term upside potential. BREAKING: #XRP WHALE UP $2.33M ON A $9M LONG POSITION. WHAT DOES HE KNOW ??? pic.twitter.com/MXMRrlzcnU — STEPH IS CRYPTO (@Steph_iscrypto) August 7, 2025 Technical analysts warn that if XRP fails to hold critical support near $2.65, the token could slide toward the $2.00 zone, marking a full retracement of June’s rally. Certain indicators, such as whale outflows and the formation of double-top patterns, suggest increasing structural weakness in the market. Market Sentiment and External Catalysts Despite this, there are reasons to believe the whale’s position may not be misplaced. The crypto market has rallied in response to recent political developments, fueled by speculation that cryptocurrencies like XRP may soon be included in 401(k) retirement plans under US law . This policy shift, if confirmed, could significantly expand retail and institutional demand. Moreover, ongoing regulatory proceedings involving Ripple and the SEC continue to carry weight. A pending decision on Ripple’s appeal withdrawal could provide long-awaited clarity on XRP’s legal status, potentially unlocking institutional flows that have remained sidelined due to compliance uncertainty. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 In Asia, institutional interest is also growing. Japan’s SBI Holdings has filed for a Bitcoin–XRP ETF , while custody infrastructure around XRP continues to mature, particularly in South Korea, where major fintech players are integrating XRPL-based solutions. What Does the Whale Know? The central question remains: why is this whale confident enough to go long with $9 million at stake? The answer likely lies in a confluence of factors: improving macro sentiment, technical setups forming at long-term support zones, and possible insider awareness of coming regulatory or institutional shifts. While not all of these are visible to the public, they have historically been harbingers of major moves in crypto markets. However, even seasoned whales can be early or wrong. For now, this high-stakes position is a bold bet that XRP’s recent weakness is temporary and that a powerful rebound is near. Whether that conviction proves correct will become clearer soon. For retail traders and institutional observers alike, all eyes are now on what unfolds next. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post XRP Whale Up $2.33 Million On A $9 Million Long Position. What Does He Know? appeared first on Times Tabloid .
