- XRP network growth accelerated on Nov. 1, when 7,934 new wallets were created, the 6th-highest in 2026.
- Binance’s hack may have pushed more users to self-custody and fresh XRP wallets.
- The key question now is whether rising adoption can help XRP reclaim $1.30 and even further toward $2.
XRP is showing a notable divergence between its network adoption and price performance. Onchain data shows 7,934 new wallets created on November 1, while XRP’s price hovers around $1.25.
This raises a key question: Can accelerating growth push XRP above $1.30 and even closer to $2, or will weak market momentum outweigh it?
Why Has XRP Wallet Creation Accelerated in 2026?
The XRP Ledger network has seen a significant surge in growth in early November 2026. On-chain data from Santiment shows that the network registered 7,934 new wallets on Nov. 1, marking its sixth-highest single-day increase in 2026.
Meanwhile, the surge is notable because November 1 was on a Sunday, and typically Sunday is one of the quieter days for crypto network activity. Recent daily new-wallet production had been hovering around 3,500, meaning the November 1 figure was more than twice the average.
Santiment has attributed the surge to the late-October 2026 Binance hack aftermath, the largest crypto exchange hack on record. The company reported that the surge came after a busy XRP week and noted that the security breach may have prompted more users to shift to self-custody and open new XRP wallets.
In addition, this latest surge builds on an ongoing trend of expanding XRP participation. In October, total non-empty wallets on the XRP Ledger had already surpassed an all-time high of 8.24 million, with holders steadily increasing even during periods of price volatility.
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Can Rising Adoption Push XRP Above $1.30 and Even Further Toward $2?
Rising network adoption provides a constructive fundamental backdrop that could support XRP’s efforts to reclaim $1.30 and potentially higher levels over time. A sustained growth of over 4,000 XRP wallets per day, combined with a price rally above $1.30, would fit Santiment criteria for a more constructive setup.
Meanwhile, an analyst points to higher lows, slowly rising support, and repeated horizontal resistance tests. Based on this structure, the analyst forecasts a possible price trajectory of $1.40 → $1.55 → $1.85 → $2.20 and above in case a high-volume breakout happens and past resistance becomes support.
However, higher wallet creation alone does not guarantee a price breakout. On-chain growth can be independent of price, driven by market conditions, liquidity dynamics, macroeconomic factors, or large holders’ concentrated selling. Price needs confirmation through continued volume and retesting of major levels. While network expansion is a positive supporting indicator, it is not enough for XRP to hit $1.30 or move towards $2.
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Related: XRP Price Prediction November 2026: Will XRP Recover in November After a 16% Drop?
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