XRP Jumps 12% as New Wallets Hit 8-Month High

XRP surged 12 percent in the last 24 hours as activity on the XRP Ledger reached its highest level in eight months. The asset changed hands at about $2.4 on Thursday morning, marking one of its most notable daily rebounds in several months.

The price rise coincides with a sharp increase in new wallet creation on the network. Data from on-chain analytics firm Santiment revealed that more than 21,500 new XRP wallets were created within two days. The surge in new addresses signals renewed confidence and stronger user engagement on the network.

📈 XRP’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 $XRP wallets created in a 48-hour span in the past couple days, the highest level of growth in 8 months. pic.twitter.com/vkGLwLJjrk

— Santiment (@santimentfeed) November 5, 2025

XRP Shows Signs of Recovery

The increase in wallet creation has drawn attention from analysts who see it as a sign of accumulation at lower prices. They believe the influx of new participants may reflect growing interest from both long-time holders and first-time users.

This improving sentiment follows months of decline since XRP’s July peak above $3.6. The asset slipped to $1.58 on October 10, its lowest level of the year, before beginning a mild recovery.

Ripple’s New Moves Boost Confidence in XRP

Ripple, the company behind the XRP Ledger, also made headlines with fresh funding and acquisitions that may have supported market optimism. It announced a $500 million investment round involving Fortress Investment Group, Citadel Securities, Galaxy Digital, Pantera Capital, Brevan Howard, and Marshall Wace.

The new funding reportedly values Ripple at $40 billion, showing continued belief in its long-term payment strategy. CEO Brad Garlinghouse described the backing as a reflection of confidence in XRP’s role in liquidity and settlement solutions.

Building on this momentum, Ripple also disclosed its purchase of Palisade, a digital asset wallet and custody provider. The acquisition, announced on November 3, aims to expand Ripple Custody through Palisade’s wallet-as-a-service technology.

Palisade’s integration marks Ripple’s fourth takeover this year and forms part of its $4 billion expansion plan. Together, the funding, acquisition, and rising network activity suggest fresh momentum across the XRP ecosystem.

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