XRP Near $1.25 as New Address Count Reaches 7,934

XRP traded near $1.25 on November 3 as the XRP Ledger recorded 7,934 new addresses on November 1, its sixth-highest daily total of 2026, according to analytics firm Santiment. The elevated address count has not coincided with a clear price recovery, while indicators of U.S. trading and fund demand have weakened. Santiment’s figure measures newly created addresses, not individual investors. One person or institution can control multiple wallets, and existing users may create addresses for transfers or custody. The count alone does not establish whether new users joined, whether XRP demand increased, or why the addresses were created. Some reports linked the increase to a security breach at Binance on October 29, suggesting holders may have moved assets from exchanges into personal wallets. Santiment did not establish a direct connection between the breach and the address surge. The increase may reflect a shift in how existing holders store assets rather than new buying. Other ledger data offer a separate measure of account distribution. Cheeky Crypto cited snapshots showing accounts holding at least 500 XRP rose from about 1.26 million to 1.44 million, an increase of roughly...