TLDR
- XRP price stayed near $1.25 on Tuesday as sellers kept limiting recovery attempts.
- The XRP Ledger recorded 7,934 new wallets on November 1, its sixth-highest daily total of 2026.
- Santiment reported that bearish social media comments continued to outnumber bullish comments about XRP.
- The XRP Coinbase Premium Index dropped to approximately -0.16%, its lowest reading in eight months.
- US spot XRP ETFs attracted $18.83 million in October, compared with $121.40 million in September.
- CoinGlass derivatives data showed short positions outnumbering long positions, while funding rates remained positive.
XRP price stayed near $1.25 on Tuesday, November 3, despite a sharp rise in new wallets. Weak US demand, slowing exchange-traded fund inflows, and cautious derivatives trading continued to weigh on the token.
The cryptocurrency has fallen nearly 16% over the past month. Market conditions worsened after the October 29 Binance hack, while buyers struggled to regain the $1.30 level.
XRP Wallet Growth Rises After Exchange Breach
The XRP Ledger recorded 7,934 new wallets on November 1, Santiment reported. That was its sixth-highest daily reading this year, despite the increase coming on a Sunday.
Santiment suggested the breach may have led more holders to create private wallets. The count tracks new addresses, however, and doesn’t show how many individual investors joined the network.
🚨 XRP Adoption Accelerates While Price Hovers Near $1.25
🌱 XRP network growth is accelerating fast. November 1st saw 7,934 new wallets created, the 6th highest daily total of 2026, despite Sunday usually being one of crypto’s quieter days for network activity.
📈 The surge… pic.twitter.com/CIeC7iWOW8
— Santiment Intelligence (@SantimentData) November 2, 2026
US Demand Weakens as ETF Inflows Slow
Analyst Arab Chain reported that XRP’s Coinbase Premium Index fell to about -0.16%, its lowest point in eight months. The reading shows XRP traded below its Binance price on Coinbase, pointing to weaker relative buying there. Following the breach, Binance reserve checks covered XRP and nine other tokens.
US spot XRP ETFs attracted $18.83 million in October, according to SoSoValue, compared with $121.40 million in September. Funds added $8.43 million on October 29 before recording $496,000 in outflows the next day. US spot Bitcoin ETFs also recorded $643 million in outflows on October 30, reflecting wider selling.
Derivatives Traders Remain Divided
CoinGlass data showed XRP’s long-to-short ratio below one on Tuesday, indicating more short positions than long positions in the measured market. Funding rates remained positive, however, meaning traders holding long positions continued paying short sellers.
CryptoQuant also reported heavy selling in XRP spot and futures markets, alongside large whale orders. Separately, Ripple’s scheduled XRP escrow release moved one billion XRP on November 1, following its regular monthly process.
XRP Price Faces Resistance Near $1.30
Santiment identified $1.25 as an immediate price marker and $1.30 as the next level to watch. Recent XRP support analysis also placed buyers’ attention near $1.20 after the October selloff.
Social sentiment remains weak. Santiment counted roughly 0.61 bullish XRP comments for every bearish comment, compared with 0.69 for Bitcoin and 1.14 for Ethereum. The firm said weaker sentiment could precede a recovery if prices stabilize, but it did not identify a confirmed bottom.
