XRP’s whale club hits a 2026 high as the US crowd cools 🐋

Addresses holding at least 1 million XRP reached a yearly high on November 4, according to Santiment, as the token reclaimed the $1.30 level. The count rose to 2,147, up 28 addresses over 10 days, including 18 in the past three days.

The increase occurred while XRP traded in the $1.20 to $1.25 range, with some long-term holders accumulating balances. A sustained move above $1.30 and $1.40 would strengthen the technical position, while a decisive fall below $1.20 would weaken the longer-term setup.

Network activity also remained resilient. The XRP Ledger added 7,934 new wallets on November 1, its sixth-highest daily total of 2026, despite falling on a Sunday and the recent Binance security incident.

US demand has softened. XRP’s Coinbase Premium Index fell to roughly -0.16%, an eight-month low, indicating that XRP traded at a discount on Coinbase compared with Binance. Spot XRP ETFs recorded $18.83 million in net inflows in October, the smallest monthly total since January and down from September’s $121.40 million.

November began with a $529,510 outflow on November 2 and zero net flows on November 3, according to SoSoValue. Total net assets rose to $1.46 billion and cumulative inflows reached $1.81 billion, while XRP’s market capitalization stood near $83 billion with approximately 63.35 billion tokens circulating.