$3.6M Gut-Punch: XRP Shortie Survives Liquidation Hellfire

One popular crypto currency trader took in devastating financial losses upon Ripple’s (XRP) latest bounce back. ‘Qwatio’, a crypto trader known for courageous and reckless leveraged plays in the same way as James Wynn, decided to go heavy on XRP’s short-term bearish sentiment. $3.5M Down, XRP Bear Comes Back For a Bite Starting at a $2.85 XRP price position, the risky trader took a 20-times multiplied leverage on a multi-million XRP play. This position, originally valued at $17.6 million, was opened on Monday after this large-scale crypto player lost approximately $3.5 million on previous XRP & BTC short positions.

Continue reading on DailyCoin.