XRP held near $1.25 on November 3 while U.S. spot XRP ETFs posted net outflows. At the same time, Santiment counted 7,934 new XRP Ledger wallets on November 1. Technical indicators stay bearish.
XRP traded near $1.25 on November 3, showing little daily movement despite weaker investor sentiment and continued selling pressure across the crypto market. The token has lost 16.5% over the past month.
Market data showed XRP trading between $1.24 and $1.26 over 24 hours, with volume of approximately $1.35 billion and a market capitalization of $79.42 billion. Bitcoin and Ethereum posted larger daily declines.
ETF demand stays weak
U.S. spot XRP exchange-traded funds recorded $529,510 in net withdrawals on November 2, according to SoSoValue data. By comparison, nearly $399 million left U.S. spot Bitcoin ETFs during the same session.
The funds' combined net assets stood at $1.42 billion. Crypto.news noted that ETF withdrawals alone do not establish the cause of XRP's price performance.
New wallets arrive despite the slump
Network activity told a different story. Santiment reported that the XRP Ledger created 7,934 new wallets on November 1, the sixth-highest daily total of 2026. U.Today put the autumn average at 3,500 wallets.
Santiment suggested the recent Binance security breach may have encouraged users to create self-custody wallets, but the firm did not establish a direct connection. Wallet creation also measures newly activated addresses, not necessarily new investors.
Analysts watch $1.23 and $1.27
Analyst Ali Charts said the Bollinger Bands on XRP's four-hour chart had narrowed to their tightest levels since August. He warned, however, that "a squeeze doesn’t predict direction" in his November 3 analysis. He identified a four-hour close above $1.27 as a bullish signal, while a close below $1.23 would favor sellers.
On the daily chart, the Relative Strength Index stood at 37.77, below its moving average of 39.89 but above the oversold threshold of 30. Immediate support remained near $1.24, followed by $1.20, while resistance stood around $1.30.
Sources: crypto.news, U.Today
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