Three active short sellers among the most profitable XRP wallets tracked by Santiment added about 2.1 million XRP since late October, the blockchain analytics firm said on Nov. 6. Only one of those profitable wallets was long as of that date, and it had not traded since August.
Santiment paired the wallet data with a trader’s forecast that XRP would fall to about $0.99, a call that members of its Score Arena platform were voting on. The firm noted that XRP was down about 10% since the call and asked whether a market-wide drop explained its early success.
Short Positions and the $0.99 Target
In perpetual futures trading, collateral supports positions that provide exposure to price movements without ownership of the underlying tokens. A short position benefits from falling prices, while a long benefits from rising prices. That directional exposure differs from XRP balances held in spot wallets.
Santiment said the trader’s call would be wrong if XRP closed above $1.36. As of its Nov. 6 update, the firm estimated another roughly 17% decline was needed to reach the $0.99 target. With XRP near $1.16 on Nov. 7, the token would need to fall about 15% more to reach $0.99.
The call is scheduled for resolution on Nov. 19. Santiment reported that all three traders who opposed the call on Score had been on the wrong side of XRP’s decline, and their results remained provisional ahead of the resolution. In its Nov. 6 update, the firm also said the prediction window would close in less than two days.
Score Arena and Trader Allocation
Score Arena is Santiment’s platform for funding selected traders. It allows traders to submit forecasts and token holders to back performers, and traders can support or oppose a posted forecast. Under this allocation model, Santiment assigns its own trading capital to selected participants, while stakers’ tokens stay outside the trades. The company described Score as being in closed beta, a testing phase limited to invited participants, in its Nov. 6 comments.
Large XRP Balances and Wallet Growth
Separate Santiment figures showed wallets holding at least 1 million XRP reached 2,147 on Nov. 3, their highest count of 2026. That category had expanded by 28 addresses over 10 days. The balance-based measure tracked addresses crossing a holding threshold, providing a view of large holdings alongside the latest analysis of trading positions.
The XRP Ledger added 7,934 new wallets on Nov. 1, the sixth-highest daily total of the year. Santiment linked a more constructive outlook to daily wallet creation remaining above roughly 4,000 and a recovery above $1.30. A drop below $1.20 alongside daily wallet creation falling under 3,000 would weaken that signal, the firm said.
Binance Scarcity Gauge
A Binance XRP scarcity gauge reached a four-year high near 2.1 in a Nov. 5 Cryptoquant analysis. The gauge measures relative XRP availability for trading, with higher readings indicating greater scarcity. Separate figures placed Binance’s total XRP reserves at 2.63 billion that day, up from 2.35 billion on Nov. 3.
