Is an XRP Relief Rally Coming? Wallet and Sentiment Data Explained
XRP logged certainly one of its strongest days for brand spanking new wallets this yr. Yet, US consumers on Coinbase and in spot exchange-traded funds (ETFs) are pulling again.
The break up leaves XRP close to $1.25, down nearly 16% over the previous month. The document Binance hack final week added contemporary strain throughout the market.
New XRP Wallets Keep Arriving After the Binance Hack
The XRP Ledger added 7,934 new wallets on November 1, in line with Santiment. That marked the sixth-highest every day whole of 2026.
The bounce got here on a Sunday, usually one of many quieter days for community exercise.
Santiment said the hack may have inspired extra customers to arrange self-custodied wallets. It added that robust development close to $1.25 factors to enhancing utilization regardless of worth strain.
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Bearish Chatter Now Outnumbers the XRP Bulls
New customers are arriving, but the broader dialog round XRP has turned gloomy. Social media sentiment towards XRP has weakened for almost two months, Santiment knowledge exhibits. The Binance hack sped up that slide.
XRP now attracts about 0.61 bullish feedback for each bearish one. Bitcoin (BTC) sits near 0.69, whereas Ethereum (ETH) holds around 1.14.
Santiment sees a aid rally as probably if sentiment stays beneath 1.0 whereas costs cease making new lows. However, the agency cautioned that concern alone doesn’t mark the precise backside.
“If BTC and XRP sentiment stays beneath 1.0 whereas costs cease making new lows, preserve an eye out for a possible eventual mid-term aid rally,” the post learn.
That warning additionally exhibits up in US buying and selling knowledge, the place demand for XRP has softened on two fronts.
US Demand Cools on Coinbase and in ETFs
The XRP Coinbase Premium Index fell to about -0.16%, an eight-month low, in line with analyst Arab Chain.
A adverse studying means XRP trades decrease on Coinbase than on Binance. Coinbase is a key venue for US retail and institutional merchants.
Arab Chain famous the drop alone doesn’t verify additional draw back.
“Historically, sustained adverse readings have typically been related to weaker shopping for demand on Coinbase, whereas a return to optimistic territory might point out a relative enchancment in demand,” the analyst added.
Spot XRP ETFs confirmed the same slowdown. They drew $18.83 million in web inflows in October, per SoSoValue.That was the smallest month-to-month influx since January. September introduced $121.40 million.
Still, the funds held regular after the hack. They added $8.43 million on October 29 and misplaced solely $496,000 on October 30.
US spot Bitcoin ETFs, in the meantime, shed $643 million on October 30. With adoption rising and US cash cautious, XRP’s subsequent transfer rests on a slender worth band.
XRP Price Sits on Santiment’s $1.25 Pivot
XRP trades at $1.25, down 0.65% over the previous 24 hours, per BeInCrypto Markets. It has misplaced 4.43% over 7 days.
Santiment sees $1.25 because the speedy pivot. Reclaiming $1.30 with new-wallet development above roughly 4,000 a day would strengthen the setup.
In distinction, a drop beneath $1.20 with every day community development underneath 3,000 would weaken that sign.
November ETF flows and the Coinbase premium will present whether or not US demand catches up with the brand new customers.
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