XRP experienced intense selling pressure this week, briefly falling below 1 dollar before a slight recovery toward 1.01 dollar. According to CryptoQuant, Binance’s Taker Buy/Sell Ratio has dropped to 0.86, its lowest level since May, indicating a clear imbalance between sellers and buyers in the derivatives market. XRP futures open interest stands at 435.1 million units, above the 30-day average of 403.6 million, which could trigger a liquidation cascade if the asset falls further. Some analysts expect a deeper pullback toward 0.94 dollar, with 0.87 dollar as the bigger downside target. Despite this, whales continue accumulating: 32 new wallets holding at least 1 million XRP have emerged over the past three months, even as market cap fell 29 percent.
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