On-chain data shows that a large trader on Hyperliquid closed a sizable XRP short position by buying back 450,000 XRP at $1.44. The move came as XRP turned a key resistance level into support. Hyperliquid is a decentralized derivatives trading platform. The report was cited by Techub News and attributed to U.Today. No additional trade details were disclosed in the source, including the size of the position before the buyback or the trader’s remaining exposure after the close. The update focused on the timing of the move and the price level at which the repurchase took place, with the transaction occurring during a period when XRP was holding above what the source described as a key chart level.
Techub News reported, citing on-chain data, that a large trader on Hyperliquid closed a sizable XRP short position by buying back 450,000 XRP at $1.44.
The move took place as XRP turned a key resistance level into support. Hyperliquid is a decentralized derivatives trading platform. The item cited U.Today.
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