XRP Wallet Surge: 21,000+ Investors Pile In as Price Rebounds 13% — Is This the Next Big Rally?

Sean Williams
XRP

Getting your Trinity Audio player ready...
  • Over 21,500 new XRP wallets created in two days — the biggest jump in 8 months.
  • XRP price rebounded 13% after dipping to $2.06.
  • ETF speculation adds fuel to XRP’s bullish recovery.

The XRP Ledger is experiencing a remarkable wave of activity, with over 21,500 new wallets created in just 48 hours — the largest influx in eight months. This sharp rise comes as investors appear to be “buying the dip” following XRP’s correction to $2.06, mirroring the broader market’s pullback earlier this week.

Investor Influx Marks a Turning Point

According to on-chain analytics firm Santiment, the spike in wallet creation reflects growing investor confidence after weeks of heavy selling. Long-term holders had recently offloaded around 260 million XRP per day, but the new addresses suggest that both retail and institutional buyers are stepping back in.

The XRP Ledger now hosts 7.226 million total wallets, moving steadily toward the 7.5 million mark — a milestone that previously coincided with a rally to XRP’s yearly high of $3.66.

XRP Rebounds 13% After Market Correction

The renewed network growth aligns with a notable 13% price recovery, as XRP climbed from $2.06 to $2.33 within days. Traders who seized the opportunity during the dip are already seeing meaningful gains — a $10,000 investment two days ago would now be worth $11,300.

Market watchers see this as a sign of strengthening momentum. Analyst EGRAG Crypto projects that XRP could soon break out of its accumulation zone and target $10, with a more optimistic scenario suggesting potential highs of $50 per coin in the long term.

Also Read: Why Ripple’s Mastercard Deal Could Be a Game-Changer for XRP Investors

ETF Anticipation Adds to the Bullish Outlook

Adding to the optimism, speculation around an XRP spot ETF launch in the U.S. is intensifying. The product, rumored for a November 13 debut, could open the door for institutional investors and provide a new source of liquidity for XRP’s market.

XRP’s sudden surge in wallet creation highlights renewed trust and participation in the network. As price action recovers and ETF prospects loom, the cryptocurrency appears to be regaining its bullish narrative — one that could define its next major rally.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Related Posts