Prominent trader Elon Trades has questioned XRP investors, suggesting that they could be left with losses as XRP retraces some of its December gains. XRP has fallen by over 17% in the past three days following its peak at the $2.9 resistance level. Elon Trades had previously opened a short position on XRP, which has now become profitable as XRP's price has dropped. Some analysts believe the current correction is healthy for the market and expect a rebound, while others, including Elon, caution that history could repeat itself and XRP holders may face significant losses. Despite the recent drop, XRP is still up 17% in December and outperforming Bitcoin.
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