XRP Shows Mixed Signals Amidst Record Wallet Growth and Market Pressure
XRP's new wallet creation surged while US demand softened, leaving the coin near $1.25.
XRP's new wallet creation surged while US demand softened, leaving the coin near $1.25. XRP (XRP) is trading at ₹119 ($1.25). This is an original Token Times brief based on reporting by BeInCrypto, with live market data added, as of Tue, 03 Nov 2026 09:45:01 UTC.
The surge in new XRP wallets suggests growing adoption and network activity, but waning US demand and broader market pressures could limit its upside potential.
- XRP saw one of its strongest days for new wallets this year.
- US demand on Coinbase and in ETFs is declining.
- XRP price remains near $1.25, down 16% over the past month.
- The recent Binance hack adds to market uncertainty.
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- XRP Shows Mixed Signals Amidst Record Wallet Growth and Market Pressure — this brief
XRP has shown a notable increase in new wallet creation, marking one of its strongest days for this metric in 2023. This surge in wallet activity indicates potential growth in network usage and adoption.
Despite the positive wallet data, US demand for XRP appears to be softening. Transactions on Coinbase and in spot exchange-traded funds (ETFs) have declined, which could reflect changing investor sentiment in a key market.
The combination of these factors has left XRP's price near $1.25, representing a 16% decrease over the past month. The recent Binance hack, which added to market uncertainty, may also be contributing to the downward pressure on XRP and other cryptocurrencies.
The broader market context shows a declining trend, with the total crypto market cap at $2.64 trillion and 
Bitcoin down 1.81% in the last 24 hours. The Fear & Greed index remains in 'Fear' territory at 26, reflecting the cautious sentiment across the market.
The surge in XRP wallets suggests potential for future growth, but the decline in US demand and broader market conditions could limit immediate price increases. Investors should watch for further developments in network activity and market sentiment.
Since this brief published about 3 hours ago, XRP (XRP) has moved from ₹118.66$1.25 to ₹118.66$1.25 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹130 (about $1.25), up 0.2% over 24 hours. The rupee itself trades about 9.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP Shows Mixed Signals Amidst Record Wallet Growth and Mark — questions & answers
What is driving the increase in new XRP wallets?
The increase in new XRP wallets indicates growing network activity and potential adoption, though specific drivers are not detailed in the report.
Why is XRP's price not rising despite new wallet growth?
XRP's price is likely being weighed down by declining US demand and broader market pressures, including the recent Binance hack.
What is the current market sentiment for cryptocurrencies?
The market remains in a cautious state with the Fear & Greed index at 26, indicating 'Fear'.
How much is 1 XRP worth in rupee today?
About ₹130 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.25. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.