XRP Surges to Record 8.24 Million Wallets as Price Slips to $1.31

The number of non-empty XRP wallets has reached a record 8.24 million, according to data from crypto analytics platform Santiment. Despite this milestone, the token has dropped 17.21% over the past month and is down 2.59% in the last 24 hours, trading at $1.31.\n\n## Network Expansion Clashes With Whale Liquidations\n\nNetwork activity on the XRP Ledger remains active, recording 4,772 new wallets in a single day—the fifth-largest single-day spike since March. However, wallet growth alone has not sustained price momentum, as addresses represent accounts rather than distinct individual users.\n\nCountering this organic expansion, large holders have increased their exchange transfers. Whales recently transferred $112.4 million worth of XRP to Binance, marking the largest exchange deposit volume in seven months, as documented by analyst Darkfost. This movement mirrors earlier market signals when XRP whale inflows hit 7-month highs amid heavy spot selling pressure.\n\n## Spot ETF Flows and Critical Technical Levels\n\nInstitutional flows present a mixed picture. Institutional XRP spot ETFs recorded $4.25 million in net inflows this week, recovering from a $1.84 million net outflow the week prior that snapped a 13-week streak of consecutive positive inflows. However, recent capital additions remain muted compared to September, when the funds logged $18.5 million in total four-week inflows and $75.6 million in the week ending September 25 alone. Total net assets under management for XRP ETFs fell to $1.49 billion, down from $1.77 billion on September 25.\n\nSantiment analysts noted that XRP is currently hovering less than 1% above key support at $1.30. A breakdown below $1.30 combined with daily new wallet creation dropping under 3,000 would signal deteriorating network adoption. Conversely, a push past resistance at $1.40—which sits roughly 7% above current prices—supported by daily wallet growth above 4,000, could pave the way for a recovery toward $1.50.\n\n## Key Takeaways\n\n* Record Wallets: Non-empty XRP accounts hit a record 8.24 million, fueled by a single-day addition of 4,772 wallets.\n* Whale Pressure: Large holders moved $112.4 million in XRP to Binance, the highest level in 7 months.\n* ETF Rebound: Spot ETFs brought in $4.25 million this week, though total assets fell from $1.77 billion on September 25 to $1.49 billion.\n* Price Levels: XRP trades at $1.31, holding strictly between key levels at $1.30 and $1.40.\n\n## Why It Matters\n\nThis strong divergence between retail address creation and whale liquidations highlights the conflict currently driving altcoin markets. While account creation demonstrates steady baseline usage, spot exchange inflows from major holders easily overwhelm retail buying power. Until institutional spot ETF inflows return to the multi-million-dollar weekly averages seen in September, large-scale exchange deposits will likely keep XRP pinned below major resistance.