XRP Price Suffers as Massive Long Bet Fails to Deliver

Ripple's XRP price has been struggling to gain momentum, down over 6% this month and nowhere close to realizing its gains from July.

This weakness is in stark contrast to Ethereum, which has gained a solid 1.7% this month, indicating that XRP is not attracting significant institutional flows.

A massive long liquidity sweep could be on the horizon for XRP due to the $2.16 billion in fresh long positions opened recently, according to data from Bitget.

This setup makes XRP highly vulnerable to a potential break below the critical $1 level, which could open the door to deeper downside if bulls fail to reclaim it.