TL;DR
- New record: 21,595 XRP Ledger wallets created in 48 hours this month.
- The Senate will vote on the CLARITY Act before Thanksgiving.
- The CLARITY Act will assign oversight of crypto assets to the US CFTC.
New XRP Ledger wallets reached an eight-month peak last week. On-chain data from Santiment shows 21,595 fresh wallets activated within 48 hours. This growth exceeds the year-long average for network participation. Wallet creation serves as a measurable gauge of user interest, though it does not directly correlate with price movements or trading volume.
Analysts note similar historical surges often preceded increased transaction activity on the ledger. Current momentum aligns with XRP’s gradual price recovery and expanding use cases in payments and decentralized finance applications. Broader market diversification into established altcoins also contributes to the trend.
Regulatory timeline accelerates
Senate Agriculture Committee Chair John Boozman confirmed the CLARITY Act will face a committee vote before November 27. The legislation, co-authored by Senator Cory Booker, aims to define regulatory jurisdiction for digital commodities. Boozman stated plainly: “We’re going to get it done this year.” The bill would assign oversight of qualifying cryptocurrencies to the Commodity Futures Trading Commission, eliminating overlapping agency claims.
Bipartisan negotiations continue daily despite the ongoing federal budget impasse. Should the committee approve the measure, it advances to full Senate debate. Traders view clear rules as essential for institutional capital entry. XRP’s classification as a commodity under this framework remains a focal point for holders.
As of November 7, 2025, the current price of XRP (Ripple) stands at approximately $2.16 USD, according to Yahoo Finance data. XRP opened the day at $2.21 USD and has shown a mild downward movement following a week of mixed trading activity, where XRP fluctuated between $2.10 and $2.35 USD.
From a technical standpoint, XRP is testing a key support zone near $2.10 USD, while resistance remains around $2.35 USD. A decisive break above that resistance could signal a move toward the $2.50–$2.60 USD range, whereas a fall below $2.10 USD might expose the price to a deeper correction toward $1.95 USD. The Relative Strength Index (RSI) currently hovers around 37, indicating a neutral market sentiment — neither overbought nor oversold — suggesting that traders are waiting for clearer direction before taking strong positions.
