Selling pressure on XRP has hit its highest level since May on Binance, with the exchange's Taker Buy/Sell Ratio dropping to about 0.86. The token has slipped from earlier highs and now trades near $1.01, while elevated futures open interest raises the risk of a sharper move if the price falls further.
XRP's price action has stayed choppy this week. The token briefly fell below $1 before a modest recovery, but that strength faded quickly and it has since settled near $1.01.
Selling pressure hits a multi-month high
New data shows selling pressure on XRP has reached its highest level since May on Binance. According to CryptoQuant, the exchange's Taker Buy/Sell Ratio has fallen sharply to around 0.86, its lowest reading since last May. A reading below 1 means traders are executing more sell orders than buy orders, pointing to clear selling pressure in the derivatives market.
The ratio has stayed below 1 for most of the recent period, with only brief moves above that level that failed to develop into a lasting trend. XRP has also continued to fall from the highs recorded in previous months, adding to signs of weak spot demand and speculative interest. However, the low ratio does not mean XRP must keep declining — it mainly shows a temporary imbalance between buyers and sellers. If the ratio moves back above 1 and holds, buying interest could improve, especially if it comes with a stronger price and higher volume.
Elevated open interest adds to the risk
Analyst CryptoPatel flagged high open interest as another warning sign. XRP futures open interest stands at 435.1 million units, above the 30-day average of 403.6 million units, giving it a Z-score of +1.20σ. The analyst said the combination of price weakness and elevated open interest means leverage remains stacked in the market, and a further decline could turn the setup into a liquidation cascade.
CasiTrades, another analyst, 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, while $0.87 remains the bigger downside target.
Source: CryptoPotato
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