XRP Holds Near $1 as Large-Wallet Count Rises During a Selloff

Blockonomi, citing Santiment, reported that XRP approached $1.05 as the number of wallets holding at least 10,000 tokens reached approximately 343,500. That represented an increase of 16,815 qualifying wallets, or 5.15%, over a nine-month period. The wallet expansion came despite sustained selling, with XRP falling roughly 30% during a separate seven-week stretch. Derivatives data offered a more cautious backdrop. At the November 10 reading cited by Blockonomi, futures funding stood near 10.4% annualized, while open interest declined 6.73% over 24 hours. These figures describe the positioning recorded around that reading rather than the live market conditions reported below. Live data placed XRP at $1.057, a gain of 0.73% over 24 hours but a decline of 18.91% over seven days. Its market capitalization stood at $67.11 billion. The seven-day decline is distinct from the roughly 30% loss Blockonomi reported for its referenced seven-week selloff period. The broader crypto market was flat, with total capitalization at $2.52 trillion. Bitcoin gained 0.86% over 24 hours, while the Fear & Greed index stood at 28, indicating a Fear reading. For XRP, the key watchpoints are whether the large-wallet count continues rising and how the token performs relative to Bitcoin while derivatives open interest remains below the cited level.