XRP Ledger Sees Surge with 7,934 New Wallets on November 1, 2026

The XRP Ledger experienced a notable uptick in activity on November 1, 2026, with the addition of 7,934 new wallets. This figure represents the sixth-highest daily total for the year and highlights a substantial increase in account activations compared to recent trends.

Research indicates that November 1 was the busiest day for new account activations since late September, with estimates for new funded accounts ranging from 7,734 to 7,962. This surge is particularly striking when considering the 30-day average of approximately 3,500 new accounts per day, suggesting that the activity on November 1 was more than double the norm.

The increase in wallet creation followed a strong performance on October 31, when the network logged 4,772 new wallets, already exceeding the 30-day average. By the end of October, the total number of non-empty wallets on the XRP Ledger had reached a record 8.24 million.

Despite the growth in wallet numbers, XRP's price remained stable, trading between $1.25 and $1.31 around November 2. No specific catalyst for the surge in wallet creation has been identified, although potential factors include rising interest in tokenized assets or decentralized finance (DeFi) applications on the XRP Ledger.

It is important to note that the figures represent funded ledger addresses rather than unique users, meaning that multiple accounts can be controlled by a single entity. Each activation reflects a deliberate action, as funding an account requires sending XRP to it.

The increase in wallet activity may signal renewed interest in the XRP network, even amidst market volatility. However, whether this marks the beginning of a sustained growth phase or is merely a temporary spike remains to be seen.

XRP Market Update - November 1, 2026

XRP is currently trading below $1.25, facing significant selling pressure and struggling to recover from recent declines.

Key resistance levels are identified at $1.285 and $1.30, while immediate support is at $1.16, with a potential drop to $1.00 if selling continues.

Derivatives data indicates a bearish sentiment, with a long-to-short ratio of 0.84, suggesting more short positions than long ones.

Despite this, positive funding rates have been observed since October 30, reflecting some traders' willingness to maintain bullish exposure.

XRP's technical indicators remain bearish, with the Relative Strength Index (RSI) around 37 and the Moving Average Convergence Divergence (MACD) slightly negative.

To improve the short-term outlook, XRP must reclaim the descending trendline resistance around $1.285 and break above $1.30.