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Why is XRP price stuck at $1.25 despite nearly 8,000 new wallets?

Why is XRP price stuck at $1.25 despite nearly 8,000 new wallets?

Photo: crypto.news

XRP price has remained near $1.25 on November 3, holding relatively steady despite weaker investor sentiment, slowing ETF demand and continued selling pressure across the cryptocurrency market. XRP price traded near $1.25 on November 3, showing little daily movement despite losing 16.5% over the past month. U.S. spot XRP ETFs recorded $529,510 in net outflows on November 2, as demand remained subdued. Santiment reported 7,934 new XRP wallets on November 1, the sixth-highest daily total of 2026. Crypto analyst Ali Charts identified $1.23 and $1.27 as important levels for XRP's next price movement.

Source: crypto.news

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