For every weight of ball (within a certain density limit. Won’t work with a black hole, for instance) there’s some pressure and volume of water that will balance the weight and size of the ball perfectly to create a thin layer around the entire surface. Once the ball becomes too dense, there’s no volume/ pressure combo that would do the same (the weight would require too much pressure by volume of water, so it would either stop it or fly full force by while barely levitating the ball). But I don’t think whatever density that would be is found in pressures you could find on earth