Karla Barker 
The debate around XRP’s next move is getting more attention from on-chain analysts. Santiment said it was tracking bearish positions among the most profitable XRP wallets on Nov. 6. The firm put that data next to a trader’s call for XRP to fall to about $0.99. That forecast is considered wrong if XRP closes above $1.36. At the time, XRP had fallen about 10% since the call was posted.
Shorts build while one profitable wallet stays long
Santiment found little two-way activity among the profitable wallets it followed. Only one was long, and that position had not traded since August. Three active short positions had added about 2.1 million XRP since late October. The distinction matters because perpetual futures give directional exposure without owning the token. A short gains when prices fall; a long gains when prices rise. Those positions are separate from spot balances.
Santiment’s Score Arena also looked at the call. The platform lets traders post forecasts and token holders back or oppose them. Santiment asked whether the trader had called the move or simply benefited from a broad market drop. At the time of the Nov. 6 update, XRP needed another decline of roughly 17% to reach $0.99. With XRP near $1.16 on Nov. 7, the gap was closer to 15%. All three traders who opposed the call on Score had been wrong about XRP’s decline so far. Their results were provisional before the scheduled Nov. 19 resolution. Santiment said the prediction window would close in less than two days. Score was still in closed beta.
Large XRP wallets rise as wallet growth stays in focus
Separate Santiment data showed wallets holding at least 1 million XRP reached 2,147 on Nov. 3. That was the highest count of 2026. The group grew by 28 addresses over 10 days. The XRP Ledger also added 7,934 new wallets on Nov. 1, the sixth-highest daily total of the year.
Santiment tied a more constructive view to daily wallet creation staying above about 4,000 and a recovery above $1.30. A drop below $1.20 with daily wallet creation under 3,000 would weaken that signal. On the exchange side, a Cryptoquant analysis on Nov. 5 put Binance’s XRP scarcity gauge near 2.1, a four-year high. Higher readings point to less XRP available for trading. Binance’s XRP reserves were 2.63 billion that day, up from 2.35 billion on Nov. 3.