A high-profile crypto trader known as Trader Daink called for a short on XRP, expecting lower lows.
Earlier today, the price of XRP dipped to $2.80 before bulls stepped in to defend the psychological support. However, Daink had projected that the support would not hold.
He told his 91.5K followers on X to short XRP when the price was trading at $2.87, expecting it to drop from the resistance zone toward the $2.80 support area. The setup included a stop-loss around $2.896.
Daink expected to profit from a 2.5% XRP drop, from $2.87 to $2.79, which, with leverage, could have significantly amplified the potential gains.
Early Exit to Limit Damage
Meanwhile, other traders mocked Daink’s XRP short call, suggesting it came too late. Some even claimed the chart he shared looked bullish, pointing to a possible misread in his bearish setup.
For example, one trader, Hammy, revealed he opened a short when XRP traded for $2.954 and exited at $2.70. With 20x leverage, the trade yielded a 202% profit.
Interestingly, Daink later acknowledged his miscalculation regarding XRP’s short-term price action in a follow-up update.
Specifically, he disclosed that he had closed the position before the stop-loss was triggered as the market failed to break down. He noted that he took a –0.5R loss, meaning he lost half of his predefined risk amount.
Cut this trade for a -0.5R loss
— Daink (@TraderDaink) September 24, 2025
Indeed, XRP bulls stepped in just as Daink announced his short. Rather than dipping, the price continued its uptrend. At press time, XRP trades at $2.92, marking an intraday high after briefly touching $2.80, a 4.29% gain.
Essentially, XRP price action defied Daink’s bearish expectations and even exceeded his highlighted stop-loss level.
Not the Time to Short XRP
Notably, a growing number of voices in the crypto community believe XRP is poised for higher prices. Developer Harry Harald recently shared this sentiment, joining other commentators like Alex Cobb, who is calling for $4 as the next target.
Analyst Ali Martinez also flagged a TD Sequential buy signal, which historically has 60–70% accuracy. Several other analysts echoed the optimism, seeing upside potential after XRP broke out of its downtrend.
Now, all eyes are on XRP reclaiming the $3 mark before pushing higher.
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.
