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FIGR_HELOC $1.03 Altcoins · Explained
XRP holds near $1.25 as ledger adds nearly 8,000 wallets
Wallet growth reached a 2026 high while ETF outflows and weak sentiment kept XRP in a narrow range.
Key takeaways
- Wallet surge. Santiment recorded 7,934 new XRP Ledger wallets on Nov. 1, the sixth-highest daily count of 2026.
- ETF flows. U.S. spot XRP ETFs logged $529,510 in net outflows on Nov. 2, a small figure compared with Bitcoin ETF withdrawals.
- Price range. XRP traded between $1.24 and $1.26, with analysts citing $1.23 and $1.27 as short-term triggers.
What happened
XRP traded near $1.25 on Nov. 3, 2026, with little daily movement, even as it remained 16.5% lower over the past month and 3.81% weaker over seven days. Crypto.news reported a 24-hour range of $1.24 to $1.26, volume of about $1.35 billion and a market capitalization of $79.42 billion. Bitcoin and Ethereum fell more sharply, leaving XRP comparatively steady.
Network activity moved in the opposite direction. Santiment data cited by Crypto.news and ZyCrypto showed 7,934 new XRP Ledger wallets on Nov. 1, the sixth-highest daily total of 2026 and a notable figure for a Sunday. Santiment said the growth suggested usage was improving while the token traded near $1.25, and raised the possibility that the recent Binance security breach encouraged users to create self-custody wallets. The firm did not establish a direct link between the hack and the wallet count.
ETF demand stayed subdued. U.S. spot XRP ETFs recorded $529,510 in net outflows on Nov. 2, per SoSoValue data cited by Crypto.news, on $18.26 million in daily volume. Combined net assets were $1.42 billion and cumulative net inflows were near $1.81 billion. October inflows had already been soft at $18.83 million, the second-lowest monthly total since January.
Santiment's sentiment data showed about 0.61 bullish comments for every bearish XRP comment, versus 0.69 for Bitcoin, while a Coinbase premium near negative 0.16% pointed to weaker U.S. exchange buying, Crypto.news reported.
First $1.52Latest $1.28-15.8% over the period
Points are daily observations, not closing prices.
Why it matters
The wallet count offers a different read from price and fund flows. New addresses can indicate more activity on the XRP Ledger, and Santiment argued that strong network growth while XRP trades near $1.25 suggests usage is improving even as price remains under pressure. That is a possible counterweight to weak sentiment and soft ETF demand, though it does not prove that new buyers have entered the market. Wallet creation measures newly activated addresses, and one user or institution can control multiple wallets.
What the data shows
On the daily chart, Crypto.news reported XRP remained below its September highs near $1.60. The Relative Strength Index was 37.77, below its moving average of 39.89, and the MACD line was -0.0366 against a signal line of -0.0345. The histogram at -0.0021 suggested bearish momentum had eased without a confirmed reversal. Immediate support was near $1.24, then $1.20; resistance was around $1.30, with $1.40 as a higher recovery level.
Ali Charts flagged $1.23 and $1.27 as important four-hour levels. A close above $1.27 would favor buyers and a close below $1.23 would favor sellers, the analyst said, calling the range between them a no-trade zone. Bollinger Bands had tightened to their narrowest since August, and a similar squeeze had preceded a 71% three-day rally, but the analyst cautioned that a squeeze does not predict direction. More Crypto Online identified support between $1.10 and $1.29 after a three-wave decline from XRP's August high.
Background
ZyCrypto reported that the Oct. 29 Binance attack stole $6.3 billion in assets, including 233 million XRP worth about $296 million. The FBI attributed the breach to North Korean hackers operating as TraderTraitor, while Kim Yo Jong, sister of North Korea's leader, rejected the accusation and called Washington's findings a grave political provocation, according to Yonhap. Santiment's suggestion is that some holders may have moved tokens off exchanges into new personal wallets after the breach, giving them control of private keys. That could explain address growth without implying new capital entered the market.
What is still unclear
It remains unclear whether the wallet surge reflects new market participants or existing holders creating self-custody addresses. Santiment floated the Binance breach as a possible factor without confirming a link. ETF outflows alone also do not explain XRP's price behavior, and wallet counts do not show who controls the addresses.
What to watch
Santiment said the setup would look more constructive if new-wallet growth stayed above roughly 4,000 per day while XRP reclaimed $1.30. It said the signal could weaken if XRP fell below $1.20 and daily wallet creation dropped under 3,000. Crypto.news also cited $1.20 as support and $1.30 as the first major recovery level.
Questions readers ask
Did XRP gain 8,000 new investors?
Not necessarily. Santiment counted 7,934 newly created wallets on Nov. 1; wallet creation tracks addresses, not unique investors, and one person can hold several wallets.
What did XRP ETFs do?
U.S. spot XRP ETFs had $529,510 in net outflows on Nov. 2, with $18.26 million in daily volume and $1.42 billion in net assets, according to SoSoValue data cited by Crypto.news.
Which price levels are in focus?
Analysts cited $1.23 and $1.27 as short-term triggers, with $1.20 as support and $1.30 as the first major recovery level. Santiment said a reclaim of $1.30 alongside sustained wallet growth would make the setup more constructive.
