The XRP Ledger is witnessing its largest investor influx in eight months, as thousands of new wallets emerge amid a possible buy-the-dip campaign.
Notably, XRP experienced a significant price correction alongside the broader market, dipping to $2.06 on Tuesday—a level last seen on June 27. However, what followed has underscored the strong and growing interest in XRP, the fourth-largest cryptocurrency by market capitalization.
### XRP Wallets Jump by 21,595 in 48 Hours
Data from Santiment reveals that an impressive 21,595 new wallets were created on the XRP Ledger within just 48 hours. This surge represents the largest network growth the XRP Ledger has seen in eight months.
Supporting this data, a community-driven XRP Rich List resource confirms that total wallets now number approximately 7.226 million, steadily moving toward the 7.5 million mark. It’s worth noting that the last time the network experienced a similar, albeit milder, growth spurt, XRP surged to its yearly high of $3.66.
### Price Rebound Over 12%
XRP has demonstrated notable strength in recent days, rallying alongside the creation of new wallets. From its low of $2.06 on Tuesday, XRP has climbed approximately 13% to a current market price of $2.33. Those who bought the recent dip are already seeing positive returns—a $10,000 purchase two days ago would have yielded $1,300 in gains.
### Bullish Outlook by Analysts
Analysts continue to forecast higher prices for XRP as the momentum builds. A recent analysis from EGRAG Crypto highlights that XRP remains in a bullish position and is poised for a significant rebound.
The analyst predicts a breakout from a powerful accumulation zone toward the “Macro Wick 1” level at $10 per coin. Moreover, he suggests that a super bullish development targeting the “Macro Wick 2” could push XRP’s price as high as $50.
### Upcoming XRP Spot ETF Could Boost Momentum
Further bullish sentiment surrounds the imminent launch of an XRP spot ETF in the United States. Recent developments in the ETF space suggest the first XRP spot ETF could officially launch on November 13. This milestone would open the asset to institutional investors, potentially fueling further price appreciation.
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