At present, the demand for accurate indoor positioning at a low cost is increasing. Based on the architecture of networking passive radio frequency identification (RFID) systems, research into passive location algorithms is important for finding a location solution with ultra-low cost, easy implementation, and no required maintenance. In this paper, TDACC (time difference of arrival with conic curves) based on signal propagation time is proposed, which breaks down the positioning problem into solving the intersection of an ellipse and a hyperbola. The results indicate that this method has a positioning error of 0 m in the absence of signal interference. When the time delay fluctuates to 1 ns and 2 ns, the average errors of TDACC are 0.19 m and 0.33 m, respectively. Different from other time-based localization methods, the proposed method only requires two distribution nodes without time synchronization, which reduces the system cost. These results will help to promote the deeper semantic communication level fusion of passive RFID. By improving the coordinate positioning in the semantic prior knowledge base, this method will lead to more efficient and accurate industry applications.