XRP Ledger (@XRP) $XRP recorded 7,934 new wallets on November 1, according to on-chain analytics firm Santiment. The figure is the sixth-highest number of new addresses added in a single day
XRP Ledger (@XRP) $XRP recorded 7,934 new wallets on November 1, according to on-chain analytics firm Santiment. The figure is the sixth-highest number of new addresses added in a single day in 2026, and it came on a Sunday, which Santiment noted is usually one of crypto's quieter days for network activity.
The jump came while the token's price stayed under pressure. XRP was trading near $1.25 on November 2, according to CoinDesk price data.
The November 1 total was well above the recent norm. Crypto Briefing reported that the 30-day average is around 3,500 new accounts per day, which means the figure was more than double the typical pace. It added that estimates vary slightly by data source, with new funded accounts falling between 7,734 and 7,962 for the day.
The same report said the network logged 4,772 new wallets on October 31, and that total non-empty wallets on the XRP Ledger reached a record 8.24 million by the end of October. It also cautioned that new wallets do not necessarily equal new users, since one person can create several addresses.
Santiment suggested the increase may be linked to the recent Binance hack, which it said could have pushed more users toward self-custody and fresh wallets, according to its published analysis. This is Santiment's interpretation rather than a confirmed cause. Crypto Briefing noted that no clear catalyst has emerged for the spike.
Santiment described $1.25 as the immediate pivot for XRP and $1.30 as the first level that would confirm stronger price momentum. The firm said the setup becomes more constructive if new-wallet growth stays above roughly 4,000 per day while XRP reclaims $1.30. A drop below $1.20, alongside network growth falling back under 3,000, would weaken that signal.
XRP has been under pressure for some time. Coinpaper reported that the token lost about 18% during October. On-chain growth and price have diverged in recent weeks, and Santiment's framework suggests the two would need to move together before the data points to a stronger recovery.
Santiment Community Insights: XRP Adoption Accelerates While Price Hovers Near $1.25
Crypto Briefing: XRP Ledger adds 7,934 new wallets on November 1
