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Crypto whale bets $224K on XRP staying near $1.40 through June with low volatility strategy

Market News
21 May 2026
Benzinga
View Source
Neutral
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A crypto whale placed a $224,000 bet that XRP will remain close to $1.40 until June 26 by selling both call and put options in a short strangle strategy. This bet profits if XRP stays within a narrow price range, reflecting expectations of low volatility. However, macroeconomic pressures and upcoming regulatory decisions, including the CLARITY Act and Ripple's regulatory advances, suggest potential for increased price swings. XRP is currently testing critical support levels, with resistance overhead indicating a cautious outlook for price recovery.

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