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.
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.
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.
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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Cardano founder Charles Hoskinson has responded to growing questions about why ADA’s price is not…
Russia’s largest bank, Sberbank, has taken a new step into the crypto space by issuing…
Bitcoin saw a decent price increase today, even as weekend trading remained quiet. Market activity…
The Uniswap price has gained significant attention in the past few days following the rollout…
Finding a crypto asset that can deliver near-term momentum while also holding real long-term value…
Under the President Donald Trump Administration, the U.S. government has taken a markedly different approach…
