XRP Price Faces Pressure Despite New Wallet Surge

TLDR XRP price stayed near $1.25 on Tuesday as sellers kept limiting recovery attempts. The XRP Ledger recorded 7,934 new wallets on November 1, its sixth-highest daily total of 2026. Santiment reported that bearish social media comments continued to outnumber bullish comments about XRP. The XRP Coinbase Premium Index dropped to approximately -0.16%, its lowest reading in eight months. US spot XRP ETFs attracted $18.83 million in October, compared with $121.40 million in September. CoinGlass derivatives data showed short positions outnumbering long positions, while funding rates remained positive. XRP price stayed near $1.25 on Tuesday, November 3, despite a sharp rise in new wallets. Weak US demand, slowing exchange-traded fund inflows, and cautious derivatives trading continued to weigh on the token.

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