James Wynn, a pseudonymous trader recognized for high-stakes plays in meme coins and Bitcoin futures, has publicly pivoted, announcing a $25,000 investment into XRP.
Wynn stated via X (formerly Twitter) that after deep research (“going down the rabbit hole”), he believes Ripple’s technology holds significant potential to transform global banking, justifying what he termed a “gamble.”
Related: XRP Bull Run Builds as Ripple Prime Debuts, With RLUSD Custody at BNY Mellon
I’ve spent the last 24hrs going down the rabbit hole of $XRP.
I have decided to invest a SIGNIFICANT portion into XRP. ($25..+)
I believe it could revolutionize the banking systems. It’s a gamble, as all investments are.
Whether you are Team XRP or not. I want everyone to…
Wynn’s personal investment announcement landed almost simultaneously with a major strategic move from Ripple after it completed its purchase of Hidden Road and rebranded the prime broker as Ripple Prime.
Reports place the transaction at $1.25 billion and describe Ripple as the first crypto firm to own and operate a global multi-asset prime broker. The company says the unit will expand institutional access to digital asset liquidity and settlement.
Wynn invited replies on pros and cons of XRP under his post. Responses ranged from praise for Ripple’s longevity and low-cost payments to skepticism about timing and incentives.
Wynn later said he is stepping away from meme coin trading and perpetual futures to focus on building in crypto. He did not announce any work with Ripple or XRP projects.
Following Wynn’s public endorsement and Ripple’s corporate update, XRP changed hands near $2.55 in the latest session. CoinMarketCap showed ~$153B in market value and ~$4.7B in 24-hour volume. The token advanced about 4% on the day as activity increased.
XRP price levels near recent highs and prior ranges remain the immediate focus. Liquidity and spreads on top venues are the near-term mechanics to monitor. Institutional flows linked to Ripple Prime form the background story.
Related: How High Can XRP Price Go if ETFs Attract Just Half of Bitcoin ETF Inflows by 2025
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