XRP Ownership Patterns Are Changing — And It May Signal Something Bigger

XRP wallets holding less than 100 tokens have reached a record 5.66 million addresses, according to new on-chain data. At the same time, mid-tier wallets climbed to 2.01 million, whereas large holders remained relatively stable. The shift points to growing retail participation even as price action remains under pressure.

What the latest wallet data shows

According to an analysis by the blockchain monitoring platform Santiment, shared in an X post on March 21, the XRP Ledger is seeing steady expansion across different wallet tiers, with the strongest growth coming from smaller holders.

Addresses holding under 100 XRP now account for the largest share of new growth, suggesting increased onboarding or accumulation at the lower end of the spectrum. This trend has been building over time and recently pushed to a new high.

Mid-sized wallets, those holding between 100 and 100,000 XRP, have also grown, reaching just over 2 million addresses. This tier often reflects more engaged users or early-stage accumulation beyond casual exposure.

Meanwhile, large wallets holding more than 100,000 XRP remain relatively limited in number, with just over 32,000 addresses. That segment has not expanded at the same pace, indicating that the current growth cycle is being driven more by smaller participants.

Why this matters for the market

Wallet distribution gives insight into how a network is evolving beneath the surface.

Growth in smaller wallets usually signals rising interest or adoption at the retail level. That can support long-term network activity, even if price performance does not immediately reflect it.

At the same time, the slower growth among large holders suggests that major capital is not expanding exposure at the same rate. That creates a mixed picture between grassroots adoption and institutional-scale liquidity.

There is also a structural angle. A broader base of smaller holders can increase network resilience and usage, but it does not automatically translate into stronger price support without deeper liquidity.

All things considered, XRP’s network is growing, but the type of growth matters. Right now, it is being led from the bottom up.