A prominent trader has initiated a $27.4 million short position on XRP with 20x leverage, reflecting a bearish sentiment in the current market. This move is part of a larger strategy that includes leveraged shorts on Bitcoin and Zcash, amounting to $196 million in total. XRP has seen an 11% decline over the past week, currently trading at $2.27. The trader, associated with platforms Roobet and Stake.com, is known for his bearish predictions. Crashius Clay, a notable figure in the trading community, forecasts that XRP could plummet to $0.20, citing weak demand and increasing competition from stablecoins. This outlook is consistent with earlier warnings that XRP might be nearing the end of its bull cycle.