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XRP wallets above 10,000 tokens climb to 343,500 as spot ETFs lose $18M
Santiment puts the increase at 16,815 since 9 February; SoSoValue logged $10.42M and $7.62M in net outflows on 9 and 10 November.
Key takeaways
- Santiment counted about 343,500 XRP wallets holding at least 10,000 tokens, up 16,815 since February 9.
- The wallet count rose while XRP lost roughly 30% of its value over seven weeks, the firm said.
- US spot XRP ETFs saw $10.42 million in net outflows on 9 November and $7.62 million the next day.
- Binance's Estimated Leverage Ratio for XRP fell to about 0.14, a three-month low, according to Arab Chain.
- Santiment names $1 as key support and sees $1.10 to $1.15 as a possible recovery range.
Wallets grow as the price falls
The number of XRP wallets holding at least 10,000 tokens has climbed to about 343,500, according to Santiment. That is 16,815 more than on February 9, a rise of 5.15%, and the count kept growing while XRP lost roughly 30% of its value over seven weeks.
XRP traded at $1.05 on 12 November, down 19.57% over the week, according to BeInCrypto figures cited in the report. Santiment read the gap between the falling price and the rising wallet count as evidence that some well-funded traders bought during a fearful market. The firm also said the number of XRP millionaire wallets reached a yearly high earlier in November.
US ETFs sell, Binance leverage thins
Money moved the other way through US spot XRP exchange-traded funds. SoSoValue recorded $10.42 million in net outflows on 9 November, the largest single day for these products since 9 March, followed by $7.62 million on 10 November.
On Binance, the Estimated Leverage Ratio for XRP fell to about 0.14, a three-month low, according to the analyst Arab Chain. Arab Chain said traders may be cutting borrowed exposure relative to reserves, either by closing positions or by losing appetite for leverage. Open interest on Binance stood at $189 million on 11 November, close to the $182 million seen on 2 August, Amr Taha reported. Arab Chain said thinner leverage lowers the chance of widespread liquidations but does not remove the risk, since price moves and liquidity still matter.
Sentiment and the $1 line
Santiment put $1 as the key support level. In its view, continued wallet growth together with a steady Bitcoin could let XRP retake $1.10 to $1.15; a drop below $1 combined with slowing wallet growth would probably cause a short selloff, which the firm expects retail panic to follow before a rebound.
Retail sentiment is negative: bearish comments on social platforms outnumber bullish ones by about 2 to 1. With leverage this low, spot buyers may carry more weight in where XRP goes next. Whether the $1 line holds may depend on which side persists, the accumulating large wallets or the selling ETF investors.
Sources
2 reports- The Currency AnalyticsXRP whale wallets grow while US ETFs face outflows
- Bitcoin.com News DEXRP-Wallets mit 10.000 Token wachsen trotz 30 % Kursminus
This article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
How many XRP wallets hold at least 10,000 tokens?
Santiment counted about 343,500 wallets holding at least 10,000 XRP, up 16,815, or 5.15%, since February 9. The firm said the count rose while XRP lost roughly 30% of its value over seven weeks.
How much left US spot XRP ETFs in November?
SoSoValue data shows $10.42 million in net outflows on November 9, the largest single day since March 9, and a further $7.62 million on November 10.
What levels does Santiment watch on XRP?
Santiment names $1 as the key support level. It said a break below $1 with fading wallet growth would likely bring a brief selloff, while continued wallet growth and a steady Bitcoin could let XRP retake $1.10 to $1.15.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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