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. Even so, this week's rebound remains relatively small compared with September.

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