XRP recorded a sharp increase in network growth on November 1, with 7,934 new wallets created in a single day, according to blockchain analytics platform Santiment. The figure represents the sixth-highest daily total recorded in 2026, suggesting that interest in the XRP Ledger is expanding even as the token’s market price remains under pressure.
The increase is notable because November 1 fell on a Sunday, typically one of the quieter days for cryptocurrency network activity. Despite the timing, wallet creation approached the 8,000 mark, providing a fresh indication of user activity across the XRP ecosystem.
XRP was trading near $1.25 when Santiment published its analysis. The contrast between rising wallet creation and relatively weak price performance has drawn attention to whether network adoption can strengthen before the market begins to recover.
However, new wallet creation should not automatically be interpreted as an equivalent increase in active users or investors. A wallet can be created without conducting transactions, and one individual or organization can control multiple addresses.
Binance Hack May Have Contributed to XRP Wallet Growth
Santiment noted that the increase followed a busy week for XRP and came shortly after the Binance hack. The analytics platform suggested that concerns about exchange security may have encouraged some cryptocurrency holders to move toward self-custody and create new wallets.
The timing offers a possible explanation for the increase, although the available data does not establish that the security incident directly caused the additional wallet creation. Some users may have opened new addresses to manage existing holdings rather than to purchase additional XRP.
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The distinction matters because wallet growth can reflect different types of activity. New investors entering an ecosystem, existing holders moving funds into self-custody and businesses creating additional addresses can all contribute to rising wallet numbers.
Even with that limitation, the 7,934 figure provides a notable measure of activity. Reaching the sixth-highest daily total of 2026 suggests that the XRP network continues to attract attention despite the difficult market environment.
For XRP investors, the next question is whether this increase represents a sustained trend. Consistent wallet creation over several days, supported by transaction activity and other network metrics, would provide stronger evidence of expanding adoption than a single daily spike.
XRP Price Faces $1.25 and $1.30 Technical Levels
Santiment identified $1.25 as XRP’s immediate price pivot, with $1.30 representing the first level that could indicate improving market momentum. A sustained move above $1.30 would make the technical outlook more constructive, particularly if wallet creation remains elevated.
The analytics platform highlighted daily new-wallet growth above approximately 4,000 as a level worth monitoring. If XRP reclaims $1.30 while maintaining that pace, the combination of network expansion and improving price action could strengthen the recovery argument.
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On the downside, a move below $1.20 alongside new-wallet creation falling under 3,000 per day would weaken the signal. Such a combination would suggest that both market demand and network expansion were losing momentum.
These thresholds are monitoring levels rather than guaranteed support, resistance or reversal points. Price movements can change quickly, and network activity does not always translate into immediate buying pressure.
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The current data nevertheless presents an interesting contrast for XRP. Wallet creation has accelerated while the token remains near $1.25, showing that network activity and market valuation are not necessarily moving in the same direction.
Whether the trend develops into a stronger recovery will depend on sustained adoption and XRP’s ability to reclaim $1.30. For now, investors have two indicators to watch: daily wallet creation and the token’s ability to hold its immediate price levels.
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