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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Dec 29, 2025 03:14 UTC
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XRP Rich List Revealed: Are Retail Investors Being Priced Out?
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XRP $ 1.90 (1.38%) 
Most XRP wallets hold small amounts while a few large holders control much of the supply, raising concerns that rising prices may be pricing retail investors out.
Analysts argue XRP price action isn’t driven by supply shocks, noting ample exchange liquidity and emphasizing Bitcoin’s movements as the main market driver.
A new image showing the alleged XRP Rich List is making the rounds on social media, raising fresh questions about who really owns XRP and whether small investors are slowly being pushed out.
The chart breaks down how many wallets hold different amounts of XRP. One thing stands out clearly: most XRP wallets hold very small amounts.
According to the data, more than 6 million wallets hold 500 XRP or less. On the other hand, wallets holding millions or even billions of XRP are very few in number, but they control a large share of the total supply.
This has led to a growing concern among retail investors.
Rising XRP Prices Make Accumulation Harder
One analyst reacting to the data asked a simple question: Is retail being priced out?
The concern comes from how much XRP now costs compared to the past. Buying 1,000 XRP today costs around $1,750, while the same amount was close to $500 just over a year ago. For many everyday investors, that jump makes accumulation much harder.
As prices rise, smaller buyers are forced to settle for fewer tokens, while large holders barely feel the difference.
- Also Read :
- Ripple IPO Back in Spotlight as Valuation Hits $50B
- ,
No XRP Supply Shock, Users Say
Not everyone agrees that retail is being squeezed out. One community member pushed back on the idea of a supply shortage.
They pointed out that nearly 16 billion XRP are still held on exchanges, ready to be traded. Because XRP transactions settle in seconds, holders can move tokens to exchanges almost instantly if they want to sell.
They also explained that XRP order books are highly dynamic. Sometimes a $10 million buy can push prices higher. Other times, even $100 million in buying fails to stop a decline. This shows how quickly market conditions change.
Bill Morgan: Bitcoin Matters More Than XRP Supply
Crypto lawyer Bill Morgan also weighed in, dismissing the idea that XRP price moves are driven by supply shocks.
He said he has criticized both the “XRP supply shock” theory and earlier claims about Ripple escrow dumps. According to him, neither explains XRP price action in a meaningful way.
Instead, Morgan says the biggest factor remains Bitcoin’s price movement. When Bitcoin rises or falls, the rest of the crypto market, including XRP, usually follows.
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FAQs
The XRP Rich List shows how XRP is distributed across wallets, helping investors understand ownership concentration and retail participation trends.
A small number of wallets hold a large portion of XRP, similar to many cryptocurrencies, while over 6 million wallets hold 500 XRP or less.
Yes. XRP, like most cryptocurrencies, often follows Bitcoin’s overall market trends, which remain a primary price driver.
Not necessarily. While large holders own a big share, ample exchange supply and token divisibility mean retail access remains, though higher prices change accumulation rates.
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