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- XRP drops 11.8% weekly but XRPL wallet growth hits 9-month high.
- XRPL stablecoin liquidity jumps 44% to a record $307M.
- Funding data shows traders heavily long — risk of near-term squeeze.
The crypto market’s mood has turned defensive, with leading assets slipping below key support zones. Ripple’s XRP has not been spared, logging an 11.8% weekly drop and losing its $2.6 floor. Yet despite the setback, XRP’s network metrics suggest something deeper may be unfolding beneath the surface.
XRP Price Weakens as Market Turns Risk-Off
Ethereum’s 14% slide underscores how sharp the market’s risk-off shift has become. In comparison, XRP’s drawdown looks moderate — but the selling pressure remains broad. Traders have been quick to rotate out of volatile assets, and short-term volatility continues to drain liquidity. Still, what sets XRP apart is that the XRP Ledger (XRPL) is quietly expanding even as prices fall.
XRPL Wallet Growth Hits Highest Level Since February
According to on-chain data from Santiment, roughly 21,595 new wallets have been created on XRPL since early November — the strongest growth since Q1. The network’s stablecoin market cap also jumped 44%, adding $94 million in liquidity and pushing the total to an all-time high of $307 million.
📈 XRP's price has bounced back, and users who bought the dip have enjoyed a nice +12% jump in the past 24 hours. Notably, XRP Ledger data indicates there were 21,595 new $XRP wallets created in a 48-hour span in the past couple days, the highest level of growth in 8 months. pic.twitter.com/vkGLwLJjrk
— Santiment (@santimentfeed) November 5, 2025
This signals that capital is still finding its way into XRPL even as XRP’s price declines. That divergence could act as a cushion, helping stabilize the token’s next support zone and potentially paving the way for recovery once broader sentiment turns risk-on again.
Short-Term Traders Dominate, But Conviction Remains Fragile
Despite stronger network growth, XRPL’s DeFi Total Value Locked (TVL) has fallen 6% to $76 million — its lowest since July. This hints that most inflows are speculative rather than long-term commitments.
Coinglass data shows XRP funding rates turning positive, meaning long traders are paying shorts, a setup often seen when optimism runs ahead of fundamentals. If momentum stalls, these crowded longs could face a sharp squeeze.
In short, Ripple’s fundamentals look better than its price action suggests — but sustained recovery will require real conviction from long-term holders, not just opportunistic rotation.
XRP may be lagging in price, but XRPL’s wallet growth and rising liquidity show that the network remains alive beneath the volatility. Whether that translates into price resilience will depend on whether traders can hold through the chop — or get washed out by another squeeze.
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.
Also Read: XRP Wallet Surge: 21,000+ Investors Pile In as Price Rebounds 13% — Is This the Next Big Rally?
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