Ripple (XRP) Rich List - Top Holders in 2025

A full breakdown of the XRP rich list, with the top 10 addresses and the percentage of the total supply held by each

XRP, the native cryptocurrency of the Ripple network, with a market cap of over $180 billion, is one of the largest cryptocurrencies. This digital currency is often in the news for its market price and utility, and sometimes for its rich list of top XRP holders.

If you are planning to invest in XRP or are a crypto enthusiast, it is important to understand the XRP rich list. This will give you insight into the concentration of XRP’s circulating supply, the largest XRP addresses, the structure of XRP holdings and a snapshot of XRP’s financial landscape.

Who is on the XRP rich list?

As of Aug 28, 2025, CoinMarketCap shows ~59.48B XRP circulating, while XRPSCAN shows ~6.90M active accounts on XRPL.

Analysis of the XRP rich list reveals a handful of addresses holding vast quantities of the digital currency. Ripple, its founders and cryptocurrency exchanges have the top spots in the XRP rich list.

Further analysis reveals that the top 10 token holders command 37% of the total token supply. The largest XRP addresses – the top 100 – are linked to prominent exchanges, including Ripple, Binance, Uphold, Bitthumb, and Kraken.

These centralized exchanges and crypto lenders hold XRP coins worth hundreds of millions in several addresses on behalf of their customers. XRP holdings of most exchanges are usually in the form of customers’ deposits kept in reserves, which could be the reason why Binance controls the most XRP coins.

Ripple and its founders also own a significant amount of XRP, and it is largely believed that the top few addresses belong to the founders and executives, including Chris Larsen (co-founder and former CEO) and Brad Garlinghouse (current CEO).

The 10 top XRP holders in 2025

	Address (short)	Owner	Balance (XRP)	% of circulating supply
1	rB3WNZc…scPn	Ripple11 (Escrow)	5,000,000,232	5.00%
2	r9UUEXn…HiYp	Ripple10 (Escrow)	5,000,000,220	5.00%
3	rDdXiA3…WeCK	Ripple (Escrow)	5,000,000,216	5.00%
4	rMhkqz3…bDyb1	Ripple28 (Escrow)	5,000,000,206	5.00%
5	r9NpyVf…sEN3	Ripple9 (Escrow)	5,000,000,204	5.00%
6	rKDvgGU…co2op	Ripple (Escrow)	5,000,000,201	5.00%
7	rGKHDyj…2Bdh	Ripple26 (Escrow)	2,000,000,202	2.00%
8	rHGfmgv…sbQr	Ripple27 (Escrow)	2,000,000,200	2.00%
9	rs8ZPbY…jnza	Binance (hot)	1,693,239,203	1.69%
10	rPyCQm8…1kDMZ	Bithumb (hot)	1,639,290,798	1.64%

Top-10 combined ≈37.3% of total supply. Most of this sits in time-locked Ripple escrow wallets; exchange wallets (e.g., Binance, Bithumb) hold customer deposits.

Writer’s note: Tags are taken from public explorer labels and may change as exchanges rotate wallets; balances are a point-in-time snapshot.

XRP’s three biggest known holders

Tracking the top XRP holders in real-time is challenging due to blockchain privacy but if you’re looking for the biggest holders, here’s who stands out:

1. Ripple Labs

Ripple Labs is the largest known holder of XRP. The company placed 55 billion XRP into a series of on-ledger escrow contracts, which release up to one billion XRP each month. Any unused amount is typically re-escrowed, creating a predictable ceiling on monthly issuance and helping manage market liquidity.

On August 28, 2025, XRPSCAN showed roughly 35.6 billion XRP still locked in escrow, reinforcing Ripple’s position as the dominant holder even though much of its stack is time-locked rather than freely circulating. When you discuss supply dynamics, anchor them to the escrow design and current locked balance, not guesses about internal wallet routing.

2. Upbit

Upbit, South Korea’s leading exchange, appears among the largest tagged XRP holders because it custodies customer balances in a small set of exchange wallets. XRPSCAN explicitly labels multiple accounts as “UPbit,” and these show active exchange flows and the common “Require Destination Tag” setting used for shared deposit addresses.

What looks like a single whale is actually pooled user funds held under one or more Upbit-controlled addresses. For clarity in your article, state that exchange balances are volatile and reflect deposits and withdrawals rather than treasury positions, and point readers to tagged explorer pages for verification.

3. Binance

Binance, one of the world’s largest crypto exchanges, also ranks among the top XRP holders due to its role as custodian for millions of user accounts. XRPSCAN tags numerous Binance wallets (for example, addresses labeled “Binance (1)” and “Binance (11)”), illustrating how reserves are spread across several hot and operational crypto wallets.

These addresses generally require destination tags because they’re shared deposit accounts; the tag routes each incoming payment to the correct user internally. Emphasize that these balances are aggregate customer funds and can shift quickly with market cycles, listings, and withdrawals, not a proprietary directional bet by Binance.

Who are the Ripple founders?

Ripple’s origin traces to RipplePay, launched by Ryan Fugger in 2004 in Vancouver to enable trusted, web-based IOUs and payments.
In 2012, developers Jed McCaleb, Arthur Britto, and David Schwartz introduced a new ledger and, along with Chris Larsen, formed OpenCoin, which was later renamed Ripple Labs in 2013 and simply Ripple in 2015.

The team created 100 billion XRP at inception; 80 billion were gifted to the company, and 20 billion went to founders and core team. Leadership changed in late 2016 when Larsen became executive chairman and Brad Garlinghouse moved from COO to CEO, roles they continue to hold.

McCaleb left Ripple in 2013–2014 to start Stellar and, under a long-running agreement, finished selling the last of his XRP from the “tacostand” wallet in July 2022. Britto remains low-profile publicly, though he resurfaced in 2025 with a rare social post acknowledging his XRPL co-founder role.

A final note for context: the SEC case concluded with a district court judgment and a $125,035,150 civil penalty against Ripple; appeals were dismissed in August 2025, resolving a multi-year overhang on the founders’ company but not altering XRP’s genesis history as outlined above.

What is XRP?

XRP is the native token of Ripple, a money transfer network that offers cross-border payment solutions to serve the financial services industry.

XRP, one of the top 10 cryptocurrencies by market capitalization, serves as a bridge currency for seamless transactions between different fiat currencies. It also enables direct transfers across Ripple’s network using XRP, making it one of the best payment gateways available in the crypto space.

Ripple founders created XRP as a solution to Bitcoin’s inherent limitations. Like Bitcoin, the intent behind developing XRP was to offer an easier, faster, and more secure way to transact globally through cross-border payment solutions. The key difference is that XRP is marketed toward businesses rather than consumers. Still, anyone can use this digital currency.

Unlike most cryptocurrencies, XRP is pre-mined, with a maximum token supply of 100 billion. This crypto operates on its decentralized, open-source blockchain, called the XRP Ledger (XRPL).

New to how networks stay secure? Start with our guide to blockchain nodes.

It must be noted that XRP transactions don’t require a transaction fee; rather, the network requires the sender to burn a small portion of the XRP. In other words, the network deducts a small amount of XRP as a fee.

XRP facts

Max supply: 100B; all pre-created at genesis.
Fees: minimum 10 drops per transaction, burned.
Escrow: programmatic releases; unused amounts are re-escrowed; current escrow ≈35.61B.
Circulating supply: ~59.48B (Aug 28, 2025).

XRP market performance in 2025

XRP remains one of the best utility tokens for a reason as its spent 2025 grinding higher, then breaking out after long-awaited regulatory clarity. On Aug 8, the SEC formally ended its case against Ripple, leaving a $125 million penalty but closing a multi-year overhang.

Markets treated the dismissal and finality of appeals as a green light: by late August, XRP hovered near the $3 mark after rallying toward $3.10 and then consolidating. Daily prints around $2.99–$3.03 reflected heavy turnover but steadier trend support at the $3 level.

The next catalyst sits with spot XRP ETF filings. The SEC has pushed decisions, such as WisdomTree’s application, into October 2025, keeping attention on flows and volatility into Q4. Price action around August 23–27 showed brief surges above $3 followed by a pullback and tight range, suggesting traders are positioning rather than chasing highs. For on-chain event markets, see our Polymarket guide.

Broader crypto tone matters, yet XRP closed August trading orderly near $3 while awaiting ETF outcomes and post-case institutional participation. On Aug 28, it printed $2.998 with reported volume around 6.6B units.

Whales, escrow, and the XRP rich list: How supply and demand shape the market

Whale movements play a big role in XRP’s price action. When large holders buy in, liquidity jumps, and prices often climb. On the flip side, sudden sell-offs can trigger quick drops.

But unlike other cryptos, XRP has a built-in safeguard—the escrow system. Ripple locks up billions of XRP and releases a set amount each month, keeping supply controlled and reducing the risk of oversaturation. This structured release prevents wild inflation and makes XRP more predictable than assets with unlimited minting.

As for the rich list, it’s definitely evolved. Early investors and institutions still hold massive amounts, but newer players—especially funds and corporate entities—are now making their way up the ranks. The distribution has shifted over time, with some long-time holders cashing out while new whales step in. Increased adoption, regulatory shifts, and market cycles all influence these changes.

With XRP’s price surging in 2025 and institutional interest growing, the rich list will likely keep shifting. If XRP gets added to the U.S. government’s digital asset reserves or if ETFs bring in fresh capital, the biggest holders could look very different by the end of 2025.