$XRP holders are under pressure • 36.8B XRP are currently underwater, according to on-chain data • Unrealized losses have reached $50.8B The current market downturn is leaving many holders deep in negative territory. $XRP ‌

XRP Whales Are Gathering Selling Liquidity The ratio on the chart is around 0.912. This means aggressive sell orders are greater than buy orders. The side executing market sell orders is dominant. The party providing liquidity is mostly sellers. In other words, there is sell-side aggression in the order flow. $XRP The price is approximately $1.34 and appears weak. Since the ratio is below 1, market orders are not pushing the price upward. Buyers may be mostly waiting passively with limit orders. The price movement is not supported by aggressive buying flow. The party taking liquidity is the sellers, while the party providing liquidity is the buyers. This means that buyers are not completely absent in the market; however, there is no aggressive demand pushing the @XRP@ price higher. If the price remains weak and the ratio is below 1: the market order flow is predominantly selling. Since there is a correlation between the ratio and price in this chart, it seems that selling pressure will continue for a while. ⚠️ #advertisement or investment advice. This analysis is my personal opinion. It is not definitive.

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