XRP Price Struggles Despite Surge in New Wallets

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP price remains under pressure despite a significant increase in wallet creation across the XRP Ledger, raising questions about whether growing network activity can support a meaningful market recovery. According to blockchain analytics firm Santiment, the network recorded 7,934 new wallets on November 1, marking its sixth-highest daily total of 2026. However, XRP continues trading near $1.25, while demand indicators from US cryptocurrency exchanges and investment funds suggest investors remain cautious. We believe this contrast highlights an important development: growing blockchain participation does not always translate into stronger cryptocurrency prices. TL;DR The XRP Ledger added 7,934 new wallets on November 1, recording one of its strongest days for network growth in 2026. XRP’s Coinbase Premium fell to approximately -0.16%, while US spot XRP ETF inflows slowed considerably in October. XRP price remains near $1.25, with analysts monitoring $1.20 support and $1.30 resistance for signs of its next major move. XRP Network Growth Reaches One of Its Highest Levels This Year The ...