bullish

would

Daily

Major

<ul>
 <li>XRP's four-hour Bollinger Bands have tightened to their narrowest levels since August, with $1.27 and $1.23 marking bullish and bearish confirmation levels.</li>
 <li>Santiment recorded 7,934 new XRP wallets on November 1, the sixth-highest daily total in 2026, while total holders reached 8.29 million.</li>
 <li>XRP remains below its 50-day and 200-day moving averages near $1.27 and $1.36, with support at 1.22–1.25.</li>
</ul>
<p>XRP is <a href="https://x.com/alicharts/status/2117310367755866536?a=BvhGpk21rIlMbBzG4dE&amp;s=20" rel="noopener noreferrer nofollow">holding</a> near $1.25 as tightening Bollinger Bands, growing wallet numbers, and declining network activity shape its latest market outlook. On November 3, 2026, the cryptocurrency traded at $1.248, below two major moving averages. Analysts are watching $1.23 and $1.27 for confirmation of its next price direction.</p>
<h2 class="wp-block-heading" id="strong-xrp-traders-watch-1-23-and-1-27-breakout-levels-strong"><strong>XRP Traders Watch $1.23 and $1.27 Breakout Levels</strong></h2>
<p>According to analyst Ali Charts, <a href="https://cryptofrontnews.com/xrp-ledger-grows-as-q3-stablecoin-supply-reach/" rel="noopener noreferrer nofollow">XRP's</a> four-hour Bollinger Bands have narrowed to their tightest levels since August. The previous compression preceded a 71% rally within three days. However, the current squeeze does not establish which direction the next move will take.</p>
<p>Ali Charts identified $1.27 as the bullish confirmation level and $1.23 as the bearish level. A four-hour close above $1.27 would support an upward move. However, a close below $1.23 would indicate further downside pressure. Until either level breaks, the analyst considers 1.23–1.27 a no-trade zone.</p>
<h2 class="wp-block-heading" id="strong-santiment-reports-7-934-new-xrp-wallets-strong"><strong>Santiment Reports 7,934 New XRP Wallets</strong></h2>
<p>Meanwhile, Santiment Intelligence reported 7,934 new XRP wallets on November 1. This represented the sixth-highest daily total recorded in 2026. Notably, the increase occurred on Sunday, typically one of the quieter days for cryptocurrency network activity.</p>
<figure class="wp-block-embed is-type-rich is-provider-x wp-block-embed-x">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/SantimentData/status/2117352226536497172?a=TubAN0dbfPdqnQ-MlKU&amp;s=20
 </div>
</figure>
<p>Santiment noted that the surge followed a busy week and came after the <a href="https://cryptofrontnews.com/four-altcoins-flash-buy-signals-as-binance-restores-access-says-analyst/" rel="noopener noreferrer nofollow">Binance</a> hack. The incident may have encouraged users to move toward self-custody and create new wallets.</p>
<p>The analytics platform identified $1.25 as XRP's immediate price pivot and $1.30 as the first confirmation level. Daily wallet creation staying above 4,000 alongside a recovery above $1.30 would strengthen the setup. However, a drop below $1.20 and wallet growth under 3,000 would weaken it.</p>
<h2 class="wp-block-heading" id="strong-xrp-remains-below-major-moving-averages-strong"><strong>XRP Remains Below Major Moving Averages</strong></h2>
<p>The daily chart shows <a href="https://cryptofrontnews.com/xrp-open-interest-drops-28-as-analysts-track-1-25-support/" rel="noopener noreferrer nofollow">XRP declining</a> from approximately 1.40–1.45 in May before approaching $0.98 in August. It subsequently recovered above $1.50, reaching approximately $1.60 in late September. However, October brought another decline, leaving XRP consolidating around 1.24–1.25.</p>
<figure class="wp-block-image size-large"><img src="https://cryptofrontnews.com/wp-content/uploads/2026/11/XRP-Ledger-XRP-10.13.47-03-Nov-2026-1-1024x347.png" alt="XRP Wallet Growth Surges as Price Struggles Near $1.25">
 <figcaption>
  Source: Santiment
 </figcaption>
</figure>
<p>The 50-day moving average stands near $1.27, while the 200-day average is around $1.36. XRP currently trades below both levels. Daily active addresses have also declined to approximately 30,400 following an extraordinary late-August spike.&nbsp;</p>
<p>Meanwhile, total holders have increased to approximately 8.29 million. Immediate support is at 1.22–1.25. A breakdown could expose $1.20 and $1.10, while recovery above $1.27 could bring $1.30 and $1.36 into focus.</p>

XRP Wallet Growth Surges as Price Struggles Near $1.25

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