Trader Shorts XRP, Secures 1,366% Gains, Says “Merry Christmas to Me”
One trader just turned a bearish bet on XRP into a massive holiday payday.
The 1,366% Windfall
While most investors chase rallies, this trader went the other way—and it paid off spectacularly. By shorting XRP at the right moment, they locked in gains that would make even traditional Wall Street veterans blink. The move netted a staggering 1,366% return, a figure that highlights the extreme volatility—and opportunity—in crypto markets.
Shorting the Narrative
The strategy capitalizes on price declines, a counter-intuitive play in an industry built on bullish hype. It requires precise timing and a stomach for risk, betting against the crowd's optimism. This trade succeeded not by predicting a moon-shot, but by identifying a moment of overextension and acting against the prevailing sentiment.
A Cynical Christmas Bonus
The trader's cheeky "Merry Christmas to me" remark underscores a cold truth in digital asset trading: sentiment is just another variable to exploit. While others hang stockings, this player pocketed gains that dwarf the annual returns of most managed funds—proving once again that in crypto, the most festive colors are often red on a chart.
A vocal XRP critic and crypto trader has secured an over 1,300% profit from his short XRP trade amid the ongoing downtrend. Notably, the xrp price has continued to underperform since dropping from the July peak of around $3.66, down 49% within this period, as it drops below the crucial $2 support to trade for $1.87 at press time.
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