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).
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.
