The crypto market entered deeper bearish territory over the weekend, with high-risk traders opening massive shorts on major coins like XRP.
On-chain analytics platform Lookonchain revealed that a well-known gambler from Roobet and Stake.com has initiated a new wave of aggressive short positions targeting Bitcoin, XRP, and Zcash, using significant leverage.
According to the data, the trader deployed a total position size of $196 million, employing 40x leverage on BTC, 20x on XRP, and 10x on ZEC. The positions break down:
- 1,555.56 BTC ($148.5 million)
- 12.34 million XRP ($27.4 million)
- 31,016 ZEC ($20.4 million)
The move comes amid heightened market fear after Bitcoin dipped to $92,900 over the weekend, with the crypto Fear & Greed Index hitting 10—the worst level since 2022.
“XRP Could Fall to $0.20”
Among the positions, the 20x leveraged XRP short stands out, especially as sentiment around the token continues to weaken. XRP’s price dropped 11% over the past week, trading at $2.27 despite the launch of ETFs.
Critics argue that the token remains fundamentally overvalued even after multiple corrections.
Widely followed trader Crashius Clay has predicted that XRP could fall all the way to $0.20, noting that even at that level it would “still be overvalued and way too high.”
$XRP could trade at .20 cents
And it would still be overvalued and way too high
— Crash (@CrashiusClay69) November 16, 2025
He cited the tightening macro environment, thinning retail liquidity, and XRP’s mounting competition from stablecoins.
As Clay put it: “There’s no demand for shitcoins when people are down bad; they gotta exit at whatever price they can.”
Clay also highlighted the weakening XRP/BTC pair, calling it extremely bearish. This indicates that XRP’s relative performance against Bitcoin continues to deteriorate.
Echoes of His Earlier Warnings
Clay’s latest comments align with his October warnings, where he described XRP as one of the most fundamentally sound shorts of this cycle, possibly even “in the history of humanity.”
At the time, he argued that this bull run could be XRP’s last, claiming that the rise of stablecoins and CBDCs had eroded its original use case in cross-border payments.
He also pointed to SWIFT’s blockchain-based shared ledger, backed by major banks like JPMorgan and HSBC, as evidence that institutions have moved on from the idea that XRP could become the backbone of international settlements.
Clay has a track record to back up his skepticism. Earlier this year, he disclosed $1 million in short positions that earned him over $800,000 as XRP fell from multi-year highs. He once described XRP as “a disguised meme coin” and one of the easiest shorts of his trading career.
Now, with the market weakening again, his message has returned with greater intensity.
Can XRP Still Reach $10 This Year?
While bearish traders bet on further XRP losses, the community remains bullish. Some see long-term value in Ripple’s global expansion, partnerships, and ongoing ETF launches. Certain analysts insist XRP could still hit $8–$10 this year.
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.
