Unpacking the $1.25 Enigma: XRP’s Wallet Surge and Stalled Price

On November 3, XRP’s price stabilized at around $1.25, showing minimal volatility even as investor sentiment weakened, ETF interest waned, and selling pressure persisted across the broader cryptocurrency market.

Market insights from crypto.news indicated that XRP traded within the range of $1.24 to $1.26 over the past 24 hours. The trading volume was approximately $1.35 billion, while the market cap was recorded at $79.42 billion.

Despite the lack of daily movement, XRP experienced a 3.81% dip over the week and remains 16.5% lower compared to a month prior. In contrast, Bitcoin and Ethereum saw more significant daily downturns, allowing XRP to appear relatively stable during trading on Tuesday.

XRP price steadies amidst weak ETF trends

Recent market downturns have seen institutional investment provide minimal support for XRP.

Data from SoSoValue revealed that U.S. spot XRP ETFs recorded net withdrawals of $529,510 on November 2.

The funds had a trading volume of $18.26 million that day, with total net assets at $1.42 billion and cumulative inflows approaching $1.81 billion.

In October, weaker institutional demand emerged, as previous reports from crypto.news highlighted that XRP ETFs attracted only $18.83 million, marking their second-lowest monthly inflow since January.

However, the recent withdrawal pales in comparison to the nearly $399 million that exited U.S. spot Bitcoin ETFs during the same trading session.

Additionally, separate analysis indicated a Coinbase premium at approximately negative 0.16%, suggesting reduced XRP purchasing activity on that exchange.

These statistics imply a slowdown in institutional demand, though ETF withdrawals alone do not determine the causes of XRP’s price fluctuations.

XRP wallet count rises despite market caution

Network activity has painted a contrasting picture to XRP’s price trends.

According to blockchain analytics firm Santiment, 7,934 new wallets were created on the XRP Ledger on November 1.

This figure represents the sixth-highest daily total for 2026, despite typically lower network activity on Sundays.

Santiment characterized this surge as a sign of accelerating network growth while XRP continued trading around $1.25.

The firm suggested that recent security issues at Binance might have prompted users to set up self-custody wallets.

However, a direct link between the hack and the increased wallet activity was not established.

It’s essential to note that new wallets reflect activated addresses, which may not solely signify new investors; both individuals and institutions can manage multiple wallets.

Meanwhile, Santiment’s sentiment analysis revealed that negative commentary continues to outnumber positive discussions.

Currently, XRP maintains a ratio of about 0.61 bullish remarks for every bearish comment, in comparison to Bitcoin’s ratio of 0.69.

The analytics firm noted that a high level of negative sentiment could eventually pave the way for a recovery if prices stabilize.

However, it warned that extreme fear doesn’t necessarily pinpoint a market bottom accurately.

XRP price poised for breakout near $1.27

Crypto analyst Ali Charts has observed a tightening volatility pattern on XRP’s four-hour chart, indicating a potential significant price movement following its recent consolidation.

In his analysis from November 3, he stated, “XRP: A BIG MOVE IS COMING.”

He noted that the Bollinger Bands have contracted to their narrowest range since August.

The analyst reminisced about a previous occasion when similar conditions led to a 71% price rally within just three days.

However, he cautioned that “a squeeze doesn’t predict direction.”

Ali pointed out that a four-hour close above $1.27 would indicate bullish sentiment, whereas a close below $1.23 would favor bearish sentiment.

He described the area between these levels as a “no-trade zone,” where traders should await clearer signals before making moves.

Another analyst, More Crypto Online, identified support ranging from $1.10 to $1.29 following a three-wave decline from XRP’s August peak.

This analyst noted that XRP has maintained better resilience than many other cryptocurrencies while approaching this support range.

XRP price outlook: Will buyers reclaim $1.30?

XRP continues to trade below its recent September highs near $1.60 on the daily chart.

The Relative Strength Index was recorded at 37.77, beneath its moving average of 39.89, indicating weak momentum, though it remains above the oversold level of 30.

The Moving Average Convergence Divergence indicator has remained in negative territory, with the MACD line at -0.0366 and its signal line at -0.0345.

The histogram showed a value of -0.0021, pointing to a reduction in bearish momentum, although confirmation of a reversal remains absent.

Immediate support aligns around $1.24, followed by $1.20. A drop below these levels could lead to further declines for XRP.

Resistance is identified at approximately $1.30, while $1.40 could become a higher recovery level should buying interest improve.

Earlier data on whale activity indicated that wallets holding between 10 million and 100 million XRP decreased from 351 to 339.

During the same timeframe, balances associated with exchanges increased by around 47 million XRP, as reported by Ali Charts.

While higher exchange deposits might hint at available selling pressure, such transactions do not confirm that individuals are offloading their tokens.