Nov 7, 2025
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XRP Ledger Sees 21,595 New Wallets in Two Days
XRP Ledger Sees Surge in New Wallets
- Over 21,595 new wallets were created on the XRP Ledger in a two-day span, marking the highest growth in eight months.
- The increase in wallet creation coincided with XRP's price dropping to $2.06 before rebounding to around $2.33, a 13% gain.
- This surge breaks a recent trend of heavy selling, where long-term holders sold approximately 260 million XRP daily last month.
- Total XRP wallets now number 7.226 million, trending towards 7.5 million.
Potential Impact of ETF Launch
- An XRP spot ETF is expected to launch in the US on November 13.
- ETF announcements can attract institutional interest, potentially affecting prices.
- Community analysts link wallet growth to ETF expectations, forecasting bullish scenarios.
Market Volatility and Observations
- Between November 3 and 4, the total crypto market cap dropped by nearly $350 billion; XRP fell about 13.16% to $2.20.
- Short-term gains can be significant; for example, a $10,000 investment would have gained $1,300 after the rebound.
- Investors should monitor where new wallets are concentrated, sell volumes, and confirmed news about the ETF.