Is an XRP Relief Rally Coming? Wallet and Sentiment Data Explained

XRP’s ledger added 7,934 new wallets on Nov. 1, the sixth-highest daily total of 2026, even as the token traded near $1.25 after falling almost 16% over the previous month, according to Santiment. Santiment said the record Binance hack last week may have encouraged self-custody, though it also added market pressure. US demand cooled: the XRP Coinbase Premium Index fell to about -0.16%, an eight-month low, and spot XRP ETFs drew $18.83 million in October, the smallest monthly inflow since January. Social sentiment showed about 0.61 bullish comments per bearish one; Santiment said a relief rally was likely if sentiment stayed below 1.0 while prices stopped making new lows, but warned fear alone does not mark the bottom.