Crypto Landscape Insights: XRP’s Major Holders Revealed for December 2024

Saturday, 7 December 2024, 17:50

Crypto enthusiasts should pay attention as XRP's top holders are highlighted for December 2024. This cryptocurrency is a notable player in the market rally, showing substantial gains. XRP's distribution among its top holders reflects a diverse but concentrated landscape that warrants close inspection.
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Crypto Landscape Insights: XRP’s Major Holders Revealed for December 2024

XRP's Position in the Cryptocurrency Market

XRP remains one of the success stories of the current cryptocurrency market rally, having broken out of a prolonged consolidation zone that had cast doubt on the asset’s sustainability.

As of press time, XRP was valued at $2.52, rallying by over 5% in the last 24 hours. On the weekly chart, the Ripple-affiliated digital asset has gained over 33%.

Current XRP Distribution Status

  • Out of the maximum supply of 100 billion XRP, approximately 57 billion XRP is currently in circulation.
  • Ripple’s escrow accounts hold a substantial 38.04 billion XRP, which are gradually released for liquidity control.
  • A total of 13.18 million XRP has been permanently burned, reducing the available supply.

XRP's Top Holders by December 2024

For specific holders, as of December 2024, Ripple remains the largest custodian of XRP.

  • According to data, Ripple's escrow accounts hold 5 billion XRP.
  • Exchanges Uphold and Binance rank among the top ten holders, holding approximately 1.84 billion and 1.83 billion XRP, respectively.
  • Other notable entities include Bithumb (1.39 billion XRP), UPbit (1.22 billion XRP), and Coincheck (623.4 million XRP).

Concerns Over XRP Dominance

The concentration of XRP in a few key entities raises concerns about control and decentralization.

Despite criticisms, it’s important to highlight that Ripple does not control the XRP Ledger, as changes require validator consensus.

Future Projections for XRP

XRP is in a strong bullish momentum supported by favorable technical indicators. Analysts project a potential target of $5.26 by December 11, suggesting an exciting future for this cryptocurrency.

A possibility remains that XRP could enter overbought territory, indicating a potential pullback. Careful monitoring is essential.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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