XRP Faces Its Strongest Selling Pressure Since May: What’s Next for Ripple’s Price?

XRP’s price action has remained choppy this week. It briefly fell below $1 before a modest recovery. But that strength faded quickly, and it has since settled near $1.01. New data suggests that selling pressure on the token has reached its highest level since May on Binance.

Downside Risk Grows According to CryptoQuant’s latest findings, 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, which indicates clear selling pressure in the derivatives market. The ratio has stayed below 1 for most of the recent period.

There have been brief moves above that level, but they failed to develop into a lasting trend. XRP has also continued to fall from the highs recorded in previous months. This adds to signs of weak spot demand and speculative interest.