Can someone who's wearing a Ring of Water Walking be pulled underwater by a creature?
2\$\begingroup\$ Related: Can I voluntarily go underwater if I have Water Walk cast on me? \$\endgroup\$– David CoffronMay 15, 2018 at 1:54
Willingly, yes. Unwillingly, probably.
The Ring of Water Walking has the following rules text:
While wearing this ring, you can stand on and move across any liquid surface as if it were solid ground.
Being willingly pulled under or diving
First I note the word can which makes it clear that the wearer has to choose to use this effect. Since there is no defined timing restriction on when they can make that choice I will assume they can do so at any time. I also note that this effect only applies to a liquid's surface, but doesn't explicitly do anything when you are submerged.
Thus you can always end the effect of the ring and let yourself be pulled underwater or simply dive.
Being unwillingly pulled under
This ring allows us to treat the surface of water as though it were solid ground, but just like solid ground it is by nature an uneven surface under which creatures dwell.
If a burrowing creature could reasonably grapple a target and pull it underground using its burrow speed, I see no reason why a swimming creature couldn't grapple a target and pull it underwater using its swimming speed. Just like being pulled underground you're not on a solid surface anymore as it is being parted to pull you in.
As soon as you start sinking the Ring of Water Walking will no longer be of any use to you given that you are not on the water's surface anymore.
Just like being pulled underground you could try to brace yourself onto the surface with your arms but allowing for this is squarely in DM territory.
2\$\begingroup\$ The comparison between burrowing and swimming creatures has one difference that needs to be considered. When a creature burrows it moves the dirt out of its way creating an opening that does not naturally fill in around the creature therefore it leaves an opening for the grappled creature to be pulled down. When a creature surfaces in the water the water is still fluid and fills in around the swimming creature it does not create a hole in the water in which the grappled creature can be pulled down. As long as the creature can stand it shouldn't be pulled down. If it gets knocked prone though. \$\endgroup\$– DuckMay 15, 2018 at 8:52
\$\begingroup\$ From this answer some creatures do not leave a tunnel behind them when they burrow. Also consider that if the grappler holds on the the bottom of your feet you're boss standing on a creature instead of on water. \$\endgroup\$ May 15, 2018 at 14:12
\$\begingroup\$ The second part of this answer is predicated on creatures with a burrowing speed being intrinsically able to drag other creatures underground with a grapple. I would not assume that to be the case, so a citation would be nice to clear that up. \$\endgroup\$ May 15, 2018 at 15:39
Ring of water walking allows you to...
stand on and move across any liquid surface as if it were solid ground.
Another creature pulling you anti-parallel with the surface is not "stand[ing] on or mov[ing] across" so the liquid's surface would not be treated as solid ground during that instant. During the pull, the movement would be treated as if the surface of the liquid is a liquid.