Short-term outlook depends on price and new address volume
Daily wallet creation saw a significant jump. 4,772 new wallets were created in one day. Santiment ranked this the fifth largest daily increase since March. Analysts view $1.40 as a key price barrier. XRP traded at $1.27 when the report was written. Previous analyst comments cited $1.36 as a growth indicator.
Breaking news
Bitcoin Slides Below $76,000 as $250 Million in Leveraged Positions Wiped Out
Bitcoin Dips Below $76K Then Bounces as Democrats Take House
Bitcoin Slides as Democrats Win Senate, Threatening Trump's Crypto Agenda
Coinbase Adds CARDS to Listing Roadmap, Token Rises 4%Short-term outlook depends on price and new address volume. Sustained movement above $1.40 plus over 4,000 daily wallets could push XRP toward $1.50. Conversely, falling below $1.30 with fewer than 3,000 new daily wallets weakens short-term adoption views. Santiment confirms accelerating new participation. This supports bullish arguments if price confirms user growth.
Specific holding metrics offer extra insight into XRP ownership
Daily growth metrics track new participation, not total holdings. Santiment defines network growth by first token transfers. This differs from the total count of inactive wallets. One address can serve multiple investors via exchange accounts. XRP Ledger uses destination tags for client identification. Thus, the total wallet count reflects addresses, not individual users. Blockchain explorers provide essential data for network activity assessment.
Specific holding metrics offer extra insight into XRP ownership. In January, Santiment tracked a net rise of 42 wallets holding at least 1 million XRP. This focuses on substantial holdings. Corporate holdings include large treasury balances. For example, Evernorth Holdings Inc. (XRPN on Nasdaq) plans to distribute XRP from its 473 million XRP treasury starting in Q4. This involves collaborations with Ripple, Coinbase (COIN on Nasdaq), Kraken, and Bitgo.
Banking services are expanding to other network assets. Standard Chartered launched institutional custody for Ripple USD (RLUSD) in Dubai on October 12. A planned integration with LMAX Group allows this stablecoin as a transaction collateral. Increased activity from payments, stablecoins, DeFi, and tokenized assets could boost XRP demand.
