As 2023 comes to a close, XRP, the sixth-largest cryptocurrency by market capitalization, is edging closer to an impressive milestone of 5 million holders, according to data from XRPL Services.
Currently, there are 4,979,903 accounts holding XRP, with a total of 59,279,426,679 XRP held in these accounts. Interestingly, there are also 1,402 addresses with 0 XRP balances.
This significant growth in the number of XRP holders reflects the increasing popularity and adoption of XRP as one of the largest and oldest digital assets in the crypto market. Over the past decade, XRP has consistently maintained its position in the top 10 by market capitalization, currently valued at over $33.86 billion.
Despite a 1.66% decrease in the last 24 hours, with XRP trading at $0.626 at the time of writing, the outlook for XRP holders in 2024 remains optimistic.
In light of Ripple’s pivotal win in the SEC lawsuit in 2023, where XRP was declared not to be a security, Ripple’s Chief Legal Officer Stuart Alderoty predicts the final resolution of the lawsuit in 2024. Additionally, Ripple foresees a utility boom in 2024, expecting a resurgence in funding with a focus on real-world problem-solving by enterprises rather than just infrastructure development.
The financial sector’s increasing interest in cryptocurrency was evident in 2023, with 3/4 of financial institutions likely to explore digital asset services, particularly for cross-border payments, in the next three years, as indicated in Ripple’s 2023 New Value Report. Looking ahead to 2024, Ripple anticipates an upsurge in fintech and crypto partnerships to address legacy pain points and bridge the gap between emerging and existing financial technology.
