As Ripple (XRP) recovers the $1.30 level, growth in the number of wallets on the XRP Ledger (XRPL) and the expansion of new addresses are drawing market attention. While some analysts suggest that network growth could support the price, the token unlock scheduled for November 1 and whether XRP can hold key support levels are cited as short-term variables.

Price Movement: Up 1.20% in 24 Hours

On the 25th, Ripple's price stood at $1.30. Over the past 24 hours, it rose as high as the $1.31 level, a 1.20% gain. As the overall cryptocurrency market moved without significant volatility over the same period, XRP's relative uptrend stood out.

Network Expansion: 8.24 Million Wallets, 4,772 New Addresses Per Day

Alongside the price rise, the network expansion of the XRP Ledger is drawing attention. Recent analysis showed that the number of XRPL wallets has reached 8.24 million, with daily new address growth expanding to 4,772.

The increase in wallet count is one indicator for gauging the scale of activity on a blockchain network. Growth in new addresses means the volume of addresses being created on the network is expanding.

However, the number of wallet addresses does not equal the number of actual users. Since one user can hold multiple addresses, the growth in wallet count cannot be directly converted into new user growth. Moreover, these indicators have not been confirmed as a direct cause of XRP's price rise, and additional data such as actual transaction activity and asset demand is needed to determine the relationship between network growth and price movement.

Technical Points: Support at $1.25–$1.30, Resistance at $1.40

For the short-term price trend, the $1.25–$1.30 range has been presented as the key support zone. If XRP holds this range, it could test resistance near $1.40. A rise from the current price of $1.30 to $1.40 would require an increase of approximately 7.69%. However, this is a conditional target price presented in technical analysis and does not guarantee an actual rise.

Conversely, some analysis suggests that if the price falls below $1.25, downside risk could expand. In that case, $1.15 has been cited as the next downside watch level. A decline from $1.30 to $1.15 would represent a drop of approximately 11.54%. This level was included in the risk scenario because selling pressure could intensify if the key support zone is broken.

1 Billion XRP Unlock Scheduled for November 1

The token supply schedule is also being discussed as a variable. Analysis pointed to Ripple's scheduled unlock of 1 billion XRP on November 1. An unlock means that tokens restricted under certain conditions become transferable. However, the entire unlocked amount will not necessarily flow into exchanges or be sold immediately, so the actual volume circulating in the market must be confirmed separately. The scheduled release size of 1 billion XRP alone makes it difficult to calculate actual selling pressure or the magnitude of any price decline. How the tokens are managed and moved after the unlock is a separate point of observation.

Future Watch Points

In Ripple's recent price movement, network growth indicators, technical support levels, and the token supply schedule are all being discussed together. While the growth in XRPL wallets is evaluated as a positive network indicator, the price is trading around $1.30. However, no specific confirmed news or single catalyst explaining this price rise has been identified. The interpretation that network growth is supporting the price is also market analysis, and a direct causal relationship has not been proven.

Going forward, whether XRP can maintain the $1.25–$1.30 support zone and the possibility of an approach to the $1.40 resistance level may be key watch points for XRP's short-term price movement. In addition, the token unlock scheduled for November 1 and changes in actual circulating supply could act as additional variables.

[This article is intended to provide information for investment reference and does not recommend the purchase or sale of any specific asset. Conditions may vary depending on market circumstances. Investment decisions and the responsibility for them rest with the investor. AI provided partial assistance.]