As XRP recovered to the $3 mark today, widely followed trader Crashius Clay doubled down on his long-standing bearish outlook.
In a post on X, Clay declared that XRP will be one of the easiest and most fundamentally sound short opportunities of this cycle, and possibly in the “history of humanity.”
He argued that this current bull run is XRP’s last and that no future cycles will bring the token back to relevance.
This view is further supported by SWIFT’s announcement of a new blockchain-based shared ledger, backed by major banks such as JPMorgan and HSBC. It aims to modernize cross-border payments with real-time transaction logs and smart contracts.
This move challenges Ripple’s long-held claim that XRP would replace SWIFT, further weakening its position, according to critics.
Clay believes that once the market realizes institutions are favoring other solutions, “all hope will be lost” for the token.
In his words, investors risk “being left holding the bag” if they continue to trust XRP’s long-term vision. Instead, he encouraged traders to pursue more “fundamentally sound and logical plays” elsewhere in the market.
This is not the first time Clay has bet against XRP. Earlier this year, he disclosed $1 million in short positions that netted him over $800,000 in profit after XRP slumped from multi-year highs.
In April, he went as far as to call XRP “a disguised meme coin,” branding it “one of the most obvious and easiest shorts” of his trading career. Back in March, he also predicted that XRP would “crash harder than any coin in the top 50.”
While Clay and other skeptics argue that XRP remains massively overvalued, the XRP Army continues to defend its potential.
Many retail investors point to Ripple’s partnerships and institutional adoption as reasons to stay bullish, even as critics claim those fundamentals have failed to meaningfully drive value.
As XRP sits around $3, the debate is intensifying between bulls expecting new highs and traders like Clay who believe the coin is on borrowed time.
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