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<\/p>\n
XRP network growth appears to have picked up pace even as its price hovers near $1.25. Santiment found that 7,934 new wallets were created on November 1st, which happens to be the sixth-highest daily total of 2026.<\/p>\n
That’s notable, especially since Sundays are usually quieter for crypto network activity.<\/p>\n
The surge follows a busy week for XRP and came just after the Binance hack, which may have pushed more users toward self-custody and fresh wallets. Santiment said<\/a> that strong network growth suggests usage is improving while price remains under pressure. The immediate pivot is $1.25, and $1.30 is the first level that would confirm stronger momentum.<\/p>\n If daily new-wallet growth stays above roughly 4,000 and XRP reclaims $1.30, the setup looks more constructive. On the other hand, a drop below $1.20 and growth under 3,000 would weaken that signal.<\/p>\n CryptoPotato<\/em> recently reported<\/a> that XRP whale outflows on Binance also surged nearly three times the September 2022 reading. These outflows could ease near-term selling pressure.<\/p>\n XRP and other top caps such as Bitcoin and Ethereum have already been witnessing weakening sentiment for nearly two months. The Binance hack further accelerated<\/a> the downfall. As prices have fallen and fear has spread<\/a> across the market, bullish commentary has collapsed. XRP now has just 0.61 bullish comments for every bearish one, while Bitcoin stands at around 0.69.<\/p>\n Ethereum is holding up better at around 1.14, but enthusiasm has still fallen sharply from September. These ratios give a clearer picture of when retail traders become unusually confident or fearful, and right now, fear has clearly swept over the crypto community.<\/p>\n Santiment revealed<\/a> that the darkest sentiment periods have often created the strongest contrarian opportunities once panic has had time to settle. The community is still reeling from crypto’s largest-ever hack, which makes the current situation particularly difficult. Despite this, if BTC and XRP sentiment stays below 1.0 while prices stop making new lows, a mid-term relief rally could eventually take shape.<\/p>\n “Extreme fear alone does not mark the exact bottom, but fear plus price stabilization has often been a much stronger signal.”<\/p>\n<\/blockquote>\n The post 7,934 New XRP Wallets in One Day: Network Activity Defies Sunday Slowdown<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nContrarian Opportunity Emerges<\/h2>\n
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