XRP Falls 4% as $7.83 Million in Long Positions Liquidated

XRP dropped more than 4% on December 5, extending a decline that has erased over 30% of the token's value since October 5. Data show $7.83 million in long positions were liquidated in the past 24 hours as bearish pressure mounted. Sentiment metrics turned 72% more bearish, reaching their lowest level in approximately two months, according to Santiment.