⚫On December 10, a cryptocurrency trader turned an initial investment of $2,560 into $200,000 by capitalizing on a 26% surge in XRP’s price. According to Coindesk, the trader opened a futures position with 500x leverage on the Rollbit exchange when XRP was trading at $1.9025.
⚫The risk of liquidation was extreme—any drop below $1.9004 would have wiped out the position. However, the trader skillfully exited the trade at prices ranging between $2.13 and $2.29, yielding an astonishing 7,500% profit.
⚫XRP’s rise was driven by the U.S. regulator’s approval of the RLUSD stablecoin. Currently trading at $2.38, XRP has seen a monthly increase of 301%.
⚫Recently, XRP briefly climbed to third place by market capitalization before slipping back to fourth, surpassed by other major cryptocurrencies.