Santiment flags short positions in profitable XRP wallets
Santiment said on Nov. 6 that short sellers had been adding to bearish XRP positions among the most profitable wallets it tracks. The blockchain analytics firm placed that observation beside a trader forecast for XRP near $0.99. The trader said the call would be wrong if XRP closed above $1.36. According to Santiment, XRP was down about 10% since that post.
The wallet split was narrow. Among the most profitable XRP wallets in the sample, only one was long, and it had not traded since August. Three active shorts had added about 2.1 million XRP since late October. These are perpetual futures positions, not spot balances. A short gains when price falls. A long gains when price rises. That distinction matters because the wallets may hold XRP elsewhere while trading direction separately.
Score Arena vote questions timing of $0.99 target
Santiment also looked at the call through Score Arena, its platform for funding selected traders. The firm asked whether the forecast deserved credit during a broad selloff, noting that the whole market dropped too. At that update, XRP needed another 17% decline to reach $0.99, by Santiment’s estimate. With XRP near $1.16 on Nov. 7, the token would need to fall about 15% more.
Score Arena lets traders submit forecasts and token holders back performers. Traders can support or oppose a posted call. Santiment assigns its own trading capital to selected participants, while stakers’ tokens stay outside the trades. The platform was in closed beta on Nov. 6, limited to invited users. All three traders who opposed the call had been on the wrong side of XRP’s decline, Santiment reported. Their results were provisional before the call’s scheduled Nov. 19 resolution.
Large XRP wallets and Binance reserves draw attention
Separate Santiment figures showed wallets holding at least 1 million XRP reached 2,147 on Nov. 3, the highest count of 2026. That group grew by 28 addresses over 10 days. XRP Ledger 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 roughly 4,000 and a recovery above $1.30. A drop below $1.20 with daily creation under 3,000 would weaken that signal.
A Cryptoquant analysis on Nov. 5 put a Binance XRP scarcity gauge at a four-year high near 2.1. The gauge tracks relative XRP availability for trading, with higher readings pointing to greater scarcity. Binance’s total XRP reserves stood at 2.63 billion that day, up from 2.35 billion on Nov. 3. The mix suggests large holders and short traders are both worth watching as XRP tests key levels.
