Pundit Opens Short XRP Trade: Here’s His Downward Target

A prominent crypto analyst just bet against XRP—and he's not being subtle about his bearish outlook.

Shorting the Narrative

The move targets a specific price level, signaling a conviction that the recent momentum won't hold. It's a direct challenge to the prevailing sentiment around the asset, betting that regulatory clarity or ecosystem growth won't be enough to sustain its current valuation.

The Downside Target

While the exact figure remains the analyst's call, the setup implies a calculated expectation for a pullback. The trade structure suggests a belief that the market has overextended itself—a classic play for those who think the crowd is getting ahead of the fundamentals, or what passes for fundamentals in this space.

Contrarian or Canary?

Is this a lone wolf's gamble or an early signal? Major short positions in crypto often act as sentiment gauges, testing the strength of a rally. If the trade works, it could trigger a wave of copycats looking to capitalize on the predicted slide. If it fails, it becomes expensive fuel for the next leg up.

For every crypto bull charging ahead, there's a trader quietly setting a trap. Sometimes the smartest money isn't the loudest—it's the one willing to bet against the hype. After all, in a market driven by narratives, the most profitable story is often the one nobody else is telling... until it's too late.

Amid the ongoing market struggles, a market pundit and chainlink advocate has opened a short XRP trade, expecting an over 20% drop. This bearish commentary came from Quinten Francois, co-founder of review platform weRate, at a time when XRP and the rest of the market are facing renewed pressure.

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