{"id":94242,"date":"2026-05-21T12:18:02","date_gmt":"2026-05-21T12:18:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=94242"},"modified":"2026-05-21T12:18:02","modified_gmt":"2026-05-21T12:18:02","slug":"this-xrp-whale-bet-224000-on-sideways-trading-for-the-next-month-the-chart-says-youre-wrong","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=94242","title":{"rendered":"This XRP Whale Bet $224,000 On Sideways Trading For The Next Month\u2014The Chart Says &#8216;You&#8217;re Wrong&#8217;"},"content":{"rendered":"<div>\n<p>A crypto whale has made a $224,000 bet that <strong>XRP<\/strong> <a class=\"ticker-link\" data-ticker=\"XRP\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/XRP-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>) stays pinned near $1.40 through June 26 by selling both call and put options in a short strangle strategy on Deribit.<\/p>\n<h3 class=\"wp-block-heading\">Whale Collected $224,000 Premium Betting On Low Volatility<\/h3>\n<p>The trader sold 1.5 million <a href=\"https:\/\/www.coindesk.com\/markets\/2026\/05\/21\/a-massive-xrp-trade-is-betting-prices-gravitate-to-usd1-40-until-the-end-of-june\">contracts<\/a> of both $1.40 call and put options expiring June 26, collecting $224,500 in upfront premiums.\u00a0<\/p>\n<p>The trader keeps the full amount if XRP remains near $1.40 through expiration.<\/p>\n<p>By selling both the call and put, the trader is providing insurance against sharp price movements away from $1.40.\u00a0<\/p>\n<p>The bet is on volatility staying low with prices pinned near current levels.<\/p>\n<p>XRP has largely traded between $1.30 and $1.50 since February, supporting the whale\u2019s range-bound thesis.\u00a0<\/p>\n<p>However, a sharp move in either direction would turn the position unprofitable, requiring the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52713634\/this-xrp-whale-bet-224000-on-sideways-trading-for-the-next-month-the-chart-says-youre-wrong?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"This\" xrp whale bet on sideways trading for the next month chart says wrong>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A crypto whale has made a $224,000 bet that XRP (CRYPTO: XRP) stays pinned near $1.40 through June 26 by selling both call and put options in a short strangle strategy on Deribit. Whale Collected $224,000 Premium Betting On Low Volatility The trader sold 1.5 million contracts of both $1.40 call and put options expiring [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-94242","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/94242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94242"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/94242\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}