Key Insights:
- XRP price faces resistance below $1.35 as million-token wallets reach a 2026 high of 2,147.
- XRP Ledger added 7,934 new wallets on November 1, the sixth-highest daily total of 2026.
- EGRAG projects $8, $13, and $30, while the nearest resistance levels stand between XRP and $2.
XRP price faces a steep climb back to $2 as large wallets reach their highest count of 2026. Santiment reported on X that 2,147 addresses held at least 1 million XRP, following 28 additions over 10 days. Its separate network update recorded 7,934 new wallets on November 1, the sixth-highest daily total this year.
The figures show growing address activity while XRP trades near $1.28, according to CoinGlass. They do not establish how much fresh buying occurred. For Ripple coin traders, nearby resistance remains the first test of renewed demand. A recovery toward $2 would require buyers to overcome several lower barriers first.
XRP Price Meets Resistance as Million-Token Wallets Rise
Santiment linked the expanding million-token group to a possible buildup of large balances during recent price weakness. The increase represents roughly 1.3% growth from 2,119 qualifying addresses ten days earlier. Eighteen of those wallets joined the group during the latest three days.
For XRP whales, the next test is whether that growth survives another market swing. Santiment identified 1.20–1.25 as an important holding range, alongside a large-wallet count above 2,140. Reclaiming $1.30, then $1.40, would strengthen the accumulation interpretation.
Therefore, XRP price needs confirmation beyond the rising total addresses. One holder can control several addresses, while exchanges can hold assets for many customers. Transfers between existing wallets can also alter the number crossing the million-token threshold.
The measure tracks balances at addresses, leaving ownership and purchasing motives unclear. More qualifying wallets can support an accumulation argument without proving that an equivalent number of new investors entered.
New Wallet Growth Raises Questions About Fresh Demand
November 1 made the surge in new addresses unusual for a typically quieter day. Santiment suggested the recent Binance hack may have encouraged holders to move funds into self-custody. That explanation matters when assessing the Ripple coin adoption narrative. Existing owners opening personal wallets can lift network growth without placing additional buy orders.
Santiment outlined a more constructive combination: daily wallet creation above roughly 4,000, alongside a reclaim of $1.30. For XRP whales and smaller holders alike, persistence would make the initial spike more informative.
XRP price and network activity can move differently because wallet creation measures participation rather than the value of new purchases. The reported daily total doesn’t directly measure how much money entered the market.
XRP Price Must Clear Nearby Hurdles Before a Return to $2
Analyst More Crypto Online described a three-wave correction from the August high to support between $1.10 and $1.29. The analyst said the area was undergoing its second test, with roughly $1.35 marking an initial breakout checkpoint.
The four-hour Chaikin Money Flow reading is 0.13. That positive reading suggests buying pressure within the indicator but cannot establish that large investors identified a lasting bottom. The XRP price is near its $1.29 triple EMA checkpoint, below the $1.35 upper Bollinger Band.
According to EGRAG CRYPTO, XRP continued following his hand-drawn projection and promised another sketch showing possible upside levels. His broader outlook includes $8, $13, and $30, with a convincing monthly close above $1.65 being central to that scenario.
Those distant forecasts leave several unresolved XRP price challenges closer to the current level. Resistance around 1.30–1.35 comes first, followed by 1.40–1.50 before the higher monthly threshold.
From $1.28, reaching $2 would require an approximate upside of 56%. Santiment said that a decline below $1.20, accompanied by fewer than 3,000 new wallets per day, would weaken its network-growth signal.
