{"id":15324,"date":"2025-11-06T07:01:14","date_gmt":"2025-11-06T07:01:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-rebounds-off-lower-band-as-new-xrp-ledger-wallets-surge-to-8-month-high\/"},"modified":"2025-11-06T07:01:23","modified_gmt":"2025-11-06T07:01:23","slug":"xrp-price-rebounds-off-lower-band-as-new-xrp-ledger-wallets-surge-to-8-month-high","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-rebounds-off-lower-band-as-new-xrp-ledger-wallets-surge-to-8-month-high\/","title":{"rendered":"XRP price rebounds off lower band as new XRP Ledger wallets surge to 8-month high"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price is attempting a modest recovery after bouncing off a key lower support level, as network growth on the XRP Ledger reaches its fastest pace in eight months.<\/p>\n<div id=\"cn-block-summary-block_8aed9aab1badb875a6acb17cac354c57\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price bounced after hitting support, but broader price trend remains weak.<\/li>\n<li>Over 21,500 new wallets were created in 48 hours, indicating fresh network activity.<\/li>\n<li>Derivatives positioning is cautious, but exchange-traded fund developments and institutional moves are key triggers.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>XRP is trading at $2.33, up about 4% over the past 24 hours after finding support at the lower Bollinger Band. The past week has seen a range between $2.12 and $2.58, with the token still down 9.6% over 7 days and 22% across the month. It remains roughly 36% below the $3.65 peak set in July.<\/p>\n<p>Trading activity has cooled. The 24-hour volume for XRP (XRP) has fallen to $5.53 billion, a 43.10% decline, suggesting less aggressive positioning after the recent bounce.<\/p>\n<p>In the derivatives market, futures volume is down 35.95% to $8.62 billion, while open interest has risen slightly to $3.49 billion, up 2.08%. This combination often indicates that traders are keeping positions open but are rotating into lower-leverage or more cautious setups.<\/p>\n<h2 class=\"wp-block-heading\">Wallet growth surges as dip buyers re-enter<\/h2>\n<p>According to a Nov. 6 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/santimentfeed\/status\/1986195571988721892?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\" rel=\"nofollow\">post<\/a> on X by Santiment, in the past two days, XRP Ledger data recorded 21,595 new wallets. This is the strongest burst of new addresses in the last 8 months. It follows a brief sell-off earlier in the week. The timing suggests that some market participants used the pullback to build or re-enter positions rather than step aside.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 XRP&#8217;s price has bounced back, and users who bought the dip have enjoyed a nice +12% jump in the past 24 hours. Notably, XRP Ledger data indicates there were 21,595 new <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$XRP<\/a> wallets created in a 48-hour span in the past couple days, the highest level of growth in 8 months. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/vkGLwLJjrk\">pic.twitter.com\/vkGLwLJjrk<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1986195571988721892?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 5, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Additionally, a Nov. 5 CryptoQuant <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/690a6baa89ccc72c6cc517f0-Unprecedented-Spike-in-XRP-DEX-Activity-A-Bull-Signal-or-a-Bear-Trap\" target=\"_blank\" rel=\"nofollow\">analysis<\/a> shows a noticeable rise in transaction activity on the XRP Ledger\u2019s integrated decentralized exchange. More than 950,000 transactions were made in a single session, the busiest day in months.\u00a0\u00a0<\/p>\n<p>This type of activity does not necessarily indicate steady price increases, even though it often shows renewed interest.<\/p>\n<p>The coming weeks may bring a shift in sentiment depending on how regulatory developments take shape. Several spot XRP ETFs are approaching decision windows, including Canary Capital\u2019s amended filing, which could auto-activate as soon as Nov. 13. If approved, some market analysts expect this could create $1-$2 billion in inflows.<\/p>\n<h2 class=\"wp-block-heading\">XRP price technical analysis<\/h2>\n<p>The recent rebound began right at the lower Bollinger Band, which has been acting as near-term support during the decline. Price is now pressing toward the mid-band, near the $2.45\u2013$2.50 area, which also aligns with several short-term moving averages. This zone remains the first hurdle for any sustained recovery.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">XRP daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Momentum indicators are mixed. The relative strength index sits near 41, suggesting the market is no longer in a heavy oversold zone, but still below levels that would confirm a renewed uptrend. The MACD remains negative, indicatong that downward pressure has not fully eased.<\/p>\n<p>Most of the major moving averages, particularly the 50-day and 100-day, are still above the current price, which keeps the broader trend tilted cautiously lower for now.<\/p>\n<p>If the price can close above the mid-band region, the next area to watch is around $2.65, where prior consolidation took place. Failure to break above near-term resistance could leave $2.20 exposed again, and a deeper pullback may revisit the psychological $2.00 level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is attempting a modest recovery after bouncing off a key lower support level, as network growth on the XRP Ledger reaches its fastest pace in eight months. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15324"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15324\/revisions"}],"predecessor-version":[{"id":15325,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15324\/revisions\/15325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5268"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}