A surge in new XRP wallets is painting a rosier picture of network usage than the money actually flowing into the token. The XRP Ledger added 7,934 new wallets on Sunday — the sixth-highest single-day tally of 2026, according to Santiment. Yet that uptick in on-chain activity says nothing definitive about fresh capital arriving in XRP itself, and the latest fund data bear that caution out.
Price Bounce Traced to Macro, Not Ripple
XRP climbed 2.7% to $1.31 on Wednesday, riding a broad crypto recovery. Reuters reported that digital assets rebounded alongside US equities after midterm election results, with Bitcoin joining the advance. The move is best read as part of a market-wide swing rather than a response to any single Ripple announcement. Falling oil prices, the general rally and short covering were cited as drivers — not an XRP-specific ETF or regulatory decision.
That distinction matters. A shared rebound across multiple cryptocurrencies is no proof that demand for XRP itself has shifted on company news, which is why the fund and institutional picture offers a separate, complementary lens.
ETF Flows Give No Clear Direction
US spot XRP ETFs recorded net outflows of $0.5 million on Monday, with the entire amount attributed to Canary Capital's XRPC fund, according to media reports. The figure sits awkwardly beside the upbeat network numbers and underscores that fund movements have yet to establish a consistent trend.
Should investors sell immediately? Or is it worth buying XRP?
The recent record is choppy rather than one-way. On October 29, the funds pulled in net inflows of $8.4 million, with Franklin Templeton and Bitwise among the recipients. A net outflow of $0.5 million followed on October 30, and Monday's drain extends the pattern of alternating directions. Neither a single inflow day nor a single outflow day should be read in isolation, and the latest data hardly support the idea of uninterrupted institutional money pouring in.
Custody Support Has a Direct XRP Link
Beyond the daily noise, Ripple's institutional build-out remains relevant. On October 27, Ripple announced an expanded collaboration with BNY, whose digital asset custody platform added support for XRP and RLUSD. The partners also plan to explore applications for tokenized trade finance. The custody backing gives XRP a direct tie to the announcement.
Projects that use the XRP Ledger but settle in RLUSD stand apart from that. C2FO and Ripple said on October 27 that they intend to bring C2FO Instant Pay's financing and settlement activity onto the XRP Ledger, with settlement to be conducted in RLUSD. Participating funders would finance instant supplier payments against approved invoices, and companies can join a waitlist. A Monday report described the plan as a limited US rollout of invoice settlement in RLUSD on the ledger. Either way, it is a concrete application for the network — not confirmed additional buying demand for the XRP token.
XRP at a turning point? This analysis reveals what investors need to know now.
Three Lenses, One Uneven Signal
For anyone sizing up the token, three separate layers deserve attention: activity on the ledger, actual capital movements, and the choice of settlement asset. The recent news strengthens the usage story above all. On investment inflows, the signal stays mixed — more wallets and a friendlier mood do not, on their own, add up to sustained buying pressure.
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XRP Stock: New Analysis - 5 November
Fresh XRP information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
