Santiment says profitable XRP wallets lean short as $0.99 call faces 19 Nov test

Key points

• Three active shorts added roughly 2.1 million XRP since late October, Santiment reported.
• XRP traded near $1.16 on 7 Nov, leaving about a 15% fall needed to reach the $0.99 target.

Santiment says the most profitable XRP wallets it tracks are mostly positioned for further falls, as a trader's $0.99 call draws scrutiny. The blockchain analytics firm published the wallet data on X on 6 Nov, alongside a forecast posted by a trader and put to a vote on its Score Arena platform.

According to Santiment, only one of those profitable wallets held a long position on 6 Nov, and it had not traded since August.

The trader's call is judged wrong if XRP closes above $1.36, and it is due to resolve on 19 Nov. Santiment estimated on 6 Nov that XRP needed a further decline of about 17% to reach the target; with the token near $1.16 on 7 Nov, the gap was roughly 15%.

Separate Santiment figures showed wallets holding at least 1 million XRP reaching 2,147 on 3 Nov, the highest count of 2026, up 28 addresses in 10 days. The XRP Ledger added 7,934 new wallets on 1 Nov. A CryptoQuant analysis on 5 Nov put a Binance XRP scarcity gauge near a four-year high of 2.1, with the exchange's XRP reserves at 2.63 billion that day.

What to watch: The trader's $0.99 XRP call is scheduled to resolve on 19 Nov, when the forecast is judged against its $1.36 invalidation level.

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