Data Shows 45% of XRP Wallets Hold Less Than 100 XRP

Market data shows that nearly 50% of all XRP wallets currently hold less than 100 XRP, confirming room for further adoption.

According to the XRP wallet distribution metric, exactly 45% of wallets hold between 1 and 100 XRP worth $1.90 to $190. Additionally, those holding 100 to 1,000 XRP represent 22% of the total wallets. This confirms that the XRP market still has room for growth despite being nearly 13 years old.

Key Points

• XRP has traded for nearly 13 years, but most market commentators believe the asset is still early, with room for growth.
• One of the factors driving this argument is the XRP wallet distribution metric, which indicates that about 45% of the 7.53 million XRP wallets hold less than 100 XRP.
• Moreover, those holding between 100 and 1,000 XRP represent 22% of the total, with just 10% managing wallets with 10,000 to 100,000 XRP.

XRP Still Early?

Japanese XRP community member Sekairoboyashi recently shared this data, aligning with suggestions that the XRP market is still early.

Notably, despite being nearly 13 years old, XRP holders believe the crypto asset is still in an early growth phase. Since its launch, XRP has delivered an all-time gain exceeding 32,000%, yet several market commentators argue that its current adoption level leaves room for expansion. 

They believe investors entering the market today may still be setting themselves up relatively early, especially when they compare XRP’s user metrics with those of older and more established cryptocurrencies.

For instance, XRP currently boasts 7.53 million wallets. In contrast, Bitcoin alone has approximately 56.8 million wallets holding between 0 and 1 BTC. This difference shows how much smaller XRP’s holder base remains, even after more than a decade of existence. 

45% of XRP Wallets Hold Less Than 100 XRP

Notably, of the 7.53 million wallets, the report from Sekairoboyashi reveals that a substantial portion of XRP wallets hold relatively small amounts of the asset. 

Specifically, around 45% of all XRP wallets contain between 1 and 100 XRP, making this the largest single group of holders on the network. Meanwhile, about 22% of wallets are estimated to hold between 100 and 1,000 XRP, while another 17% fall within the 1,000 to 10,000 XRP range. 

Interestingly, as the balances increase, the number of wallets continues to decline. Notably, about 10% of XRP wallets reportedly hold between 10,000 and 100,000 XRP. Moving up, roughly 4% of wallets control between 100,000 and 1 million XRP. At the top, wallets holding more than 1 million XRP account for less than 2% of the total. 

Current Holders Will Benefit When Institutions Enter

Sekairoboyashi emphasized that this means large-scale holders, or whales, represent only a small fraction of the overall XRP holder base. He also noted that when these upper tiers are combined, roughly the top 15% of wallets collectively control the majority of the circulating supply.

Now, while a large number of participants hold relatively small balances, owning 10,000 XRP or more already places a wallet within the top 15% of all holders. According to Sekairoboyashi, this shows how rare long-term holders with sizable balances have become over time.

He further suggested that this could become important if institutional players, banks, and even sovereign entities begin using the XRP Ledger at scale. In such a scenario, he believes the greatest benefit would accrue to those who accumulated and held XRP quietly during periods of relatively low adoption.