In the rally experienced by Bitcoin (BTC) and altcoins, some altcoins outperformed others with their rise. One of these altcoins was undoubtedly XRP.
At this point, XRP investors also made big money.
According to Coindesk, an investor took advantage of XRP’s 26% rise on Tuesday and bought $2,500 with 500x leverage.
Accordingly, this investor turned his $2,500 into $200,000 by purchasing XRP futures with 500x leverage on the cryptocurrency exchange Rollbit.
This smart investor opened a position with 500x leverage worth $2,560 when the XRP price was trading below $2.
This meant that if XRP fell below $1.90, the entire position would be liquidated. The investor who took the big risk ended up winning, not losing. As the XRP price rose, the investor gradually closed his position between $2.13 and $2.29, earning a return of approximately 7,500%.
XRP, which has risen by 7.7% in the last 24 hours and has separated itself from the market with its rise, continues to be traded at $2.36 at the time of writing.
*This is not investment advice.
