XRP Slides as Liquidations and Exchange Transfers Raise Selling Pressure
XRP price lost momentum after briefly rebounding to $1.40 and fell below $1.29 as broader crypto markets came under pressure. More than $220 million in crypto long positions were liquidated in 12 hours, while Bitcoin and Ethereum traded near $81,000 and $2,300, respectively.
Crypto analyst Darkfost said large XRP holders transferred $112.4 million worth of tokens to Binance, the highest such level in seven months. The transfers may point to increased potential selling pressure. XRP-related fund inflows totalled $18.5 million over four weeks, below the $75.6 million recorded in the week ending September 25.
The article also promotes UE Crypto cloud mining as an alternative to holding XRP. Its claims about returns, user numbers and compliance are not independently verified, and the advertised contracts promise fixed returns. Traders should treat the promotion cautiously and assess platform and contract risks independently.
Bearish
The near-term tone is bearish for XRP: its price fell below $1.29 after failing to hold a rebound, the wider market faced more than $220 million in long liquidations, and reported transfers of $112.4 million in XRP to Binance may signal that large holders are preparing to sell. These indicators can reinforce each other, as falling prices trigger leveraged liquidations and exchange inflows raise concerns about additional supply. Similar episodes of whale deposits and crowded long positions have often intensified short-term volatility, although exchange transfers alone do not prove that tokens were sold.
The pressure is not conclusive evidence of a lasting trend. Fund inflows remain positive over the four-week period cited, and market direction will also depend on Bitcoin, broader risk appetite and whether XRP can reclaim nearby price levels. In the longer term, persistent exchange inflows and weak demand could weigh on XRP; sustained fund inflows or a recovery in the wider market could offset that pressure. The cloud-mining promotion is not a reliable bullish counter-signal: its platform and fixed-return claims are unverified, so traders should not treat them as evidence of XRP demand or guaranteed income.