XRP price falls as crypto long positions get wiped out; UE crypto aims to provide stable passive income

XRP lost momentum after a brief rebound to $1.40, subsequently falling below $1.29. XRP was not alone, as the cryptocurrency market once again came under selling pressure. Reports indicated that more than $220 million in cryptocurrency long positions were liquidated within 12 hours as Bitcoin and Ethereum fell to around $81,000 and $2,300, respectively. Meanwhile, large XRP holders have been transferring their XRP to exchanges. According to crypto analyst Darkfost, they transferred $112.4 million worth of XRP to Binance, marking the highest level in seven months. BeInCrypto reported that this move indicates increasing selling pressure.

Source: crypto.news