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XRP traded around $2.34 at the time of writing, rising 10.3% in 24 hours and 26% in the last 7 days. The sharp move has revived interest in the XRP rich list, a dataset that shows who owns the most XRP and how supply spreads across wallets.
(Source: CoinCodex)
As XRP holds its position as the fourth-largest crypto, questions around concentration, liquidity, and control have returned to the spotlight.
What the XRP Rich List Shows
The XRP rich list tracks wallet balances on the XRP Ledger and ranks addresses by holdings. This transparency allows analysts to assess who holds the most XRP and how ownership clusters.
Data shows that the top 10 percent XRP holders control a sizable share of supply, with the top 10 addresses alone holding about 18.56% of circulating XRP. Addresses ranked between 10 and 50 hold another 24.85%, leaving roughly 56.59% spread across millions of smaller wallets.
These figures reveal a market shaped by large participants alongside a broad retail base. What does that mean for price behavior? Large wallets can influence liquidity, while smaller holders add depth and daily trading activity.
Ripple and Escrow Holdings Dominate Supply
Ripple Labs remains the single largest owner of XRP when aggregating all company-linked wallets. Ripple placed tens of billions of XRP into escrow to manage predictable releases. When escrow balances enter circulation, unused tokens return to locked contracts, creating a transparent supply schedule.
If escrow wallets count toward rankings, seven of the top ten XRP wallets belong to Ripple. Combined, Ripple-linked addresses hold roughly 45 billion XRP in escrow and about one billion XRP freely available. This structure plays a central role in how XRP supply enters the market over time.
Exchanges Rank as the Largest Individual Holders
Among single wallets, centralized exchanges dominate the top ranks. Binance holds the largest XRP balance in one address, with over 1.8 billion XRP. Bithumb follows closely, while Uphold ranks third. These wallets store customer deposits rather than proprietary holdings, which explains their size.
Exchange wallets matter because they support liquidity. High balances allow smoother trade execution, tighter spreads, and faster settlement. However, exchange concentration also means sudden inflows or outflows can affect short-term price dynamics.
Anonymous Whales and Concentration Metrics
Beyond known entities, several large XRP wallets remain anonymous. The largest unidentified wallet holds about 1.2 billion XRP, while another controls more than 700 million. Blockchain data shows balances, not identities, leaving room for speculation about whether these wallets belong to institutions, funds, or long-term individual holders.
In total, the top 50 XRP addresses control between 43% and 50% of circulating supply, depending on measurement methods. That level of concentration places XRP among the more centralized large-cap cryptocurrencies, especially compared with proof-of-work networks that distribute supply over time.
Founders and Executive Holdings
XRP’s founders received large allocations at launch. Chris Larsen, Ripple’s co-founder and executive chairman, remains one of the biggest individual holders. Public reporting links at least five wallets holding about 2.7 billion XRP directly to him, though estimates often place his total holdings above that level. According to a tweet tweeted in Oct 2025, he is claimed to have realised $764,209,610.42 in profits since January 2018.
Questions like “how much XRP does Brad Garlinghouse own” attract attention, yet exact figures remain undisclosed, as executive wallets do not always link publicly.
Jed McCaleb, another co-founder, completed the sale of his XRP holdings over several years after leaving Ripple in 2014, removing a long-standing overhang from the market.
Why the XRP Rich List Still Matters
Ownership concentration influences liquidity, volatility, and market psychology. When large holders move funds, traders react quickly. At the same time, the steady growth in smaller XRP wallets shows ongoing adoption.
As XRP trades above $2 and institutional products expand, the XRP rich list continues to answer a critical question: who owns most XRP today? The data shows a network shaped by Ripple’s escrow system, exchange custody, and a growing layer of large and small holders navigating the same transparent ledger.
