These are the top XRP holders as of December 2025

XRP entered 2025 with major headwinds, from regulatory clarity to ETF speculation, but attention is now shifting away from short-term price movements and toward a more uncomfortable question: who actually controls the supply? Tracking XRP Scan data as of December 18, Ripple unsurprisingly still remains the largest XRP custodian, commanding a significant portion of the cryptocurrency’s supply in escrow.  More specifically, among the top ten XRP holders, Ripple accounts for eight positions, its escrow accounts collectively holding 45 billion XRP. In addition, the eight leading accounts hold about 1 billion XRP in balances. The remaining two spots on the list are reserved for crypto exchanges Bithumb and Binance, which rank ninth and tenth, their accounts labeled “(12)” and “(5)” holding approximately 1 source: https://finbold.com/these-are-the-top-xrp-holders-as-of-december-2025/