Why is XRP price stuck at $1.25 despite nearly 8,000 new wallets?

XRP price has remained near $1.25 on November 3, holding relatively steady despite weaker investor sentiment, slowing ETF demand and continued selling pressure across the cryptocurrency market. Summary XRP price traded near $1.25 on November 3, showing little daily movement despite losing 16.5% over the past month. U.S. spot XRP ETFs recorded $529,510 in net outflows on November 2, as demand remained subdued. Santiment reported 7,934 new XRP wallets on November 1, the sixth-highest daily total of 2026. Crypto analyst Ali Charts identified $1.23 and $1.27 as important levels for XRP’s next price movement. Technical indicators remain bearish, with $1.20 providing support and $1.30 standing as the first major recovery level. Market data from crypto.news showed the cryptocurrency trading between $1.24 and $1.26 over 24 hours. Trading volume reached approximately $1.35 billion, while its market capitalization stood at $79.42 billion. Although XRP recorded little daily movement, it remained 3.81% lower over seven days and 16.5% below its price a month earlier. Bitcoin and Ethereum experienced larger daily declines, leaving XRP relatively stable during Tuesday’s trading session. XRP price...