Retail XRP Wallets Now Make Up Over 93% of Total 7.9M XRP Addresses

On-chain data indicates that retail wallets holding at most 5,000 XRP tokens make up more than 93% of the total XRP-based addresses. The XRP ecosystem has continued to witness remarkable expansion in recent times. While wallet growth has slowed this year amid bearish sentiment triggered by ongoing price struggles, XRP is already on course to hit the 8 million milestone. Interestingly, data confirms that most of the wallet growth this year has been driven by retail investors who have continued to show interest in XRP despite the selling pressure. Today, retail wallets holding 5,000 XRP tokens or less make up 93% of total XRP addresses. XRP Hosts 7.4M+ Retail Wallets According to on-chain data sourced by XRP Rich List, a community-driven resource, the XRP Ledger (XRPL) now hosts exactly 7,409,974 retail wallets holding at most 5,000 XRP tokens (currently worth $5,650). Of this figure, the lowest tier of wallets, involving those holding 20 XRP ($22.6) or less, accounts for 3.969 million, making up the largest share of retail wallets. Meanwhile, addresses with 20 XRP ($22.6) to 500 XRP ($565) make up 2.552 million of the total. As for addresses with 500 to 1,000 XRP ($565 to $1,130), these investors number 263,002, accounting for the lowest share of retail wallets. At the same time, there are 624,489 wallet addresses holding 1,000 to 5,000 ($1,130 to $5,650). XRP Wallet Distribution Together, these 7.4 million retail wallets make up about 93% of the total 7.93 million XRP wallets. Addresses holding 5,000 to 1 billion XRP sum up to 523,042, representing a little above 6.5% of the total XRP wallets in existence. Retail Wallets Hold Minimal XRP However, despite representing over 93% of total addresses, these retail wallets only hold 2.7% of the circulating XRP supply. Specifically, retail investors with 5,000 XRP or less hold a cumulative balance of 1.844 billion XRP tokens worth $2 billion. In this area, whale accounts with 100 million XRP ($113 million) to 500 million XRP ($565 million) hold the largest balance for any single address tier, possessing up to 12.715 billion XRP ($14.3 billion), representing nearly 19% of the circulating XRP supply, despite being just 66 in number. What This Means for XRP Notably, this distribution leans slightly bullish. When a very large share of wallets holds only a tiny fraction of the supply, it suggests XRP is widely distributed among small participants. This broad user base indicates long-term adoption, as it shows organic interest. However, it also shows that most of the supply sits with larger wallets, meaning whales and institutions still have strong influence over price movements. This can introduce volatility if big holders decide to sell, but it also confirms that more capitalized players remain invested. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.