Someone put $760,000 into adding to their $XRP long position. What are they betting on?

$XRP A record of a long position increase: the notional value of this position change was approximately $760,000.

The average execution price was $1.19339.

After the change, the position's notional value was approximately $1.13 million.

The account records show 20x leverage; the amounts above are not margin.

Market snapshot at the time of posting (14:19 Beijing time): the current price was $1.1956, 0.19% above the average execution price of $1.19339; down 8.64% over 24 hours, with a range of $1.1888–$1.3276 and trading volume of approximately 1.071 billion USDT.

The perpetual futures funding rate was +0.0100%, with the next settlement at 16:00. The current price was at the 5% mark of the 24-hour range, close to the low.

This move increased exposure in the same direction. Watch whether the account adds further or reduces the position again; the actions of a single account do not represent the entire market.

Monitored account: d5a0ff.

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