Over 81% of the 7.5M XRP Wallets Hold Less Than 500 XRP

On-chain data indicates that most of the existing XRP wallets, about 81%, hold less than 500 XRP, indicating wide retail participation.

While the XRP price has persistently come under bearish pressure since Q4 2025, leading to sour retail sentiments, on-chain data confirms that retail participation has actually not slowed, with XRP witnessing a consistent increase in total hosted wallets despite the price struggles.

For context, total XRP wallets have increased to 7.573 million at press time, representing an addition of over 500,000 wallets since Q4 2025. Interestingly, of the total figure, up to 81% or 6.18 million hold less than 500 XRP. This confirms that retail participation dominates the XRP market, as balance spreads across small wallets.

Key Points

• The XRP price has come under consistent bearish pressure, down 44% since Q4 2025, as it now trades below $1.6.
• Despite the downturn, adoption has not slowed, with the total number of hosted wallets rising by over 500,000 since Q4 2025 to 7.573 million
• Of the total number of wallets, 6.18 million, representing 81%, hold less than 500 XRP each, indicating broad retail participation.
• However, these wallets hold just 0.24% of the total supply, with only 2,004 wallets at the top controlling about 48% of the supply, triggering centralization risks.

XRP Adds 500,000 Wallets Despite Price Struggles

This is according to data sourced by the community-driven XRP Rich List platform. Notably, when XRP changed hands at around $2.8 at the start of Q4 2025, total XRP wallets stood at 7,050,000 after adding about 1 million addresses from January to October 2025.

Despite the downturn that began in Q4 2025 and has now pushed the XRP price to $1.57, marking a 44% crash, XRP wallets have increased rapidly. Today, the total XRP wallets stand at 7,573,624, representing an addition of 523,624 wallets since the price decline began in the fourth quarter of 2025.

81% of XRP Wallets Hold Less Than 500 XRP

Meanwhile, a more interesting stat revolves around balance distribution among these existing 7.573 million wallets. Specifically, data confirms that 6,187,166, or about 81% of the total XRP wallets, hold less than 500 XRP. Notably, in this cohort, 3.637 million wallets hold between 0 and 20 XRP, while 2.55 million wallets hold 20 to 500 XRP.

XRP WalletsThis stat suggests broad retail participation on the surface. It confirms that millions of small investors seek to gain exposure to XRP, even tiny amounts. Notably, this sort of wide user base often supports long-term relevance, a sentiment held by Galaxy Digital CEO Mike Novogratz, who has persistently praised the XRP community’s strength.

However, further data indicate that, while a wide range of retail investors shows interest in XRP, these investors actually hold insignificant amounts. The 6.187 million wallets or 81% of total wallets have a cumulative balance of just 242.169 million XRP tokens, representing only 0.24% of the total XRP supply of around 99 billion tokens.

Wealth Concentrated in a Few XRP Wallets

In contrast, most of the XRP supply sits within a few wallets at the top. Notably, there are only 2,004 wallets or about 0.026% of the total wallets holding 1 million XRP or more. Despite their smaller number, these 2,004 wallets control 48.7 billion XRP tokens, representing 48.7% of the existing supply of 99 billion tokens.

This concentration of wealth in a few wallets can be both bearish and advantageous to the XRP ecosystem. On one hand, the stat triggers centralization risks, especially as a few wallets hold the power to crash prices if they sell

On the other hand, these wallets may belong to institutions and larger players, who now have an incentive to see the XRP price afloat. Moreover, large institutions develop greater resilience against sudden price dips during market struggles than retail investors. Essentially, they are less likely to panic sell when the price drops.