XRP faces mounting selling pressure as derivatives data from Binance shows the Taker Buy/Sell Ratio dropping to 0.86, its lowest since May, indicating traders favor sell orders over buys. Open interest has risen to 435.1 million units, above a 30-day average of 403.6 million, suggesting heavy leverage that could trigger a liquidation cascade if prices fall further. Analysts flag potential downside to $0.94 and $0.87. However, whale wallets holding at least 1 million XRP have increased by 32 over three months, signaling large holders are absorbing the current selling.
XRP’s price action has remained choppy this week, briefly falling below $1 before a modest recovery. That strength faded quickly, and the token has since settled near $1.01.
New data suggests selling pressure has reached its highest level since May on Binance. According to CryptoQuant, the exchange’s Taker Buy/Sell Ratio has fallen to around 0.86, its lowest reading since last May.
A reading below 1 means traders are executing more sell orders than buy orders, indicating clear selling pressure in the derivatives market. The ratio has stayed below 1 for most of the recent period.
Brief moves above that level failed to develop into a lasting trend. XRP has also continued to fall from highs recorded in previous months, adding to signs of weak spot demand and speculative interest.
However, the low ratio does not mean XRP must continue declining. It mainly shows a temporary imbalance between buyers and sellers in the market.
If the ratio moves even lower, downward pressure on the asset could increase. If the ratio moves back above 1 and holds, buying interest could improve.
CryptoPatel flagged high open interest as another warning sign. XRP futures OI stands at 435.1 million units, above the 30-day average of 403.6 million, giving it a Z-score of +1.20σ.
The analyst explained that the combination of price weakness and elevated OI means leverage remains stacked in the market. If the asset falls further, the setup could turn into a liquidation cascade.
CasiTrades expects XRP to see a deeper pullback before finding a stronger floor. The analyst identified $0.94 as a level where the token could find some relief, but $0.87 remains the bigger downside target.
Short-term traders may be leaning bearish, but whale wallets have been moving in the opposite direction. Santiment found that wallets holding at least 1 million XRP have risen by 32 over three months, even as the asset’s market cap fell 29%.
The analytics firm said this points to stronger holders absorbing panic as “patience replaces price-driven hype.” This shift could make future volatility more “interesting” for the bulls.
