[DigitalToday reporter Yoonseo Lee] A cryptocurrency trader known as "Wealthmanager" (@Wealthmanager) has stirred fresh concerns in the XRP community. With XRP falling to its lowest level since 2024, he disclosed that he opened a short position in XRP shortly after issuing a warning message to holders, drawing market attention.

On Feb. 5 (local time), blockchain outlet The Crypto Basic reported that Wealthmanager 공개적으로 revealed a short position alongside a bearish outlook for XRP and mentioned the possibility of a retest of $1. He was also reported to have shared a screenshot of his perpetual futures position. In the industry, some have pointed out that publicly disclosing positions can stir market sentiment and increase short-term volatility.

XRP plunged 27.46 percent on the week, falling below $1.30 for the first time since November 2024. As the broader cryptocurrency market also declined, including Bitcoin (BTC) slipping below $65,000, XRP posted the largest loss among major assets. Wealthmanager told XRP holders, "This is definitely a time to worry," and said he opened a $50,000 short position. He expects the XRP price to fall to around $1.

Technical analysis shows XRP has recently been in decline from $3.66, and observers say that if a key support level breaks, the door could open to further declines. Some chart interpretations also mention a scenario in which the price falls more than 60 percent from current levels, which could push it down to the $0.47 to $0.50 range. That has drawn attention alongside claims that "market structure is maintaining a bearish flow" as the downtrend continues after the recent peak.

Another view has also raised the idea of an "accumulation zone". Cryptocurrency analyst Crypto Patel said XRP has entered a first accumulation zone in the $1.50 to $1.30 range, and advised that a cautious approach is needed rather than rushing to buy. Citing that bottom formation often does not end in a short period, he suggested a strategy of "slow, gradual entry". Some also raised the view that if XRP falls below $1.30, the $0.90 to $0.70 range could become a more favorable buying zone.

Patel added that despite the short-term bearishness, XRP could reach a double-digit price in the long term. Still, with investor sentiment weakened as publicly disclosed short positions coincided with a sharp downward move, the market is watching closely for now to see whether key support zones hold and whether volatility increases.

If you’re still holding $XRP, you should be worried. pic.twitter.com/RRdkvVHaTw