XRP ledger adds nearly 8000 wallets while token price stalls

Nearly 8,000 new wallets were created on the XRP Ledger on November 1, 2026, one of the highest daily totals of the year. Blockchain analytics company Santiment recorded 7,934 new wallets that day. Despite this growth, the XRP token price stayed close to $1.25, with analysts watching support at $1.20 and resistance at $1.30. Some experts have warned that wallet growth does not always mean new investors are joining. A large security breach at a crypto exchange, where around $6 billion in assets were stolen, may have pushed existing holders to move their tokens to personal wallets instead. US spot XRP ETF inflows also slowed during October 2026.