As XRP comes under pressure once again, WallStreetBets founder is pouring cold water on the overly optimistic sentiment about how high it could go this season.
In a tweet, Jaime Rogozinski, founder of WallStreetBets, claimed that XRP has experienced its most brutal long squeeze of 2025. According to him, it plunged 12% in a single session, catching many overleveraged traders off guard.
XRP’s Sudden Drop
The sudden drop likely refers to XRP’s plunge from over $3.50 to just below $3 in a single day last week, wiping out millions in long positions.
XRP has not fully recovered from the drop, having only reached $3.20 before a fresh retracement last night. This brought it dangerously close to losing the $3 level again.
Amid this, Rogozinski took to X to deliver a blend of sarcasm and market insight about XRP. According to him, mothing screams a volatile altcoin like watching long positions [in XRP] “evaporate faster than your weekend plans.”
Notably, data from Coinglass shows XRP was among the coins with the largest trader liquidations in the last 24 hours. Specifically, XRP traders lost around $21 million over the past day, with those betting on an uptrend accounting for $18.65 million of that.
Other coins with large long liquidations included Ethereum, Bitcoin, and Solana, with XRP ranking fourth.
“XRP $6 Still Achievable—If You Believe in Miracles”
While Rogozinski’s post highlighted the brutal nature of the recent market move, he didn’t entirely dismiss XRP’s potential. He suggested that $6 is still “achievable,” albeit sarcastically. He added that such a price level would only materialize for those who “believe in miracles and unicorns.”
His remarks reflect growing skepticism among some traders about XRP’s future price potential. Some commenters on Rogozinski’s post agreed with his take, citing ongoing XRP sales by Ripple co-founder Chris Larsen as a major red flag that many enthusiasts are ignoring.
While the scale of the pullback has shaken some holders, others remain unfazed. Influencers like Alex Cobb continue to describe the drop as a healthy retracement, predicting a rebound to as high as $15 this cycle.
Some XRP proponents responding to Rogozinski’s post even argued that he would regret his comments within two months. They pointed out that XRP remains one of the best-performing major cryptocurrencies, and that the recent drop is almost insignificant in the broader context.
Can XRP Still Hit $6?
Technically, XRP already touched $3.66 just two weeks ago, meaning a push to $6 would require a 64% gain from current levels. This required move is far from impossible in crypto terms.
However, the coin has been trading below its all-time high of $3.84 for nearly eight years, and resistance at that level continues to prove formidable.
Still, many XRP supporters believe the current bullish factors surrounding the coin make even a $10 price target seem conservative. Interestingly, even Rogozinski projectedprojected last December that XRP could hit $8 if the broader crypto market cap hits $5 trillion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
