Data from the Binance platform provides a detailed picture of the market’s condition and short-term trends, particularly as traders’ behavior coincides with the price stabilizing near $2.09. This indicator, which is derived from traders’ activity in perpetual contracts, measures the share of aggressive sell orders and is a powerful tool for understanding liquidity dynamics and the balance of power between buyers and sellers.
The rise in the Taker Sell Ratio to 0.53 its highest level since mid-November indicates that the selling side has taken the lead in market transactions. In other words, traders executing market sell orders have become more active than those executing market buy orders. This trend signals an increase in selling pressure, which could mark the beginning of a short-term corrective wave if this pattern continues in the coming days.
Despite this relative increase in selling pressure, price action has remained stable around the $2.09 level. This is noteworthy, as it suggests that buyers are still able to absorb the additional sell-side liquidity without a sharp decline. Such stability indicates strong support in the current zone, but it also highlights the market’s heightened sensitivity to shifts in trading momentum. Meanwhile, the noticeable fluctuations in the Taker Sell Ratio in recent weeks reflect instability in traders’ sentiment. We are witnessing rapid transitions between dominant selling and buying activity, which may indicate that XRP is approaching a pivotal point either confirming a new upward trend or entering a corrective phase.
Written by Arab Chain
