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Recent data shows more than 6 million wallets hold 500 XRP or less, while a small group of large wallets controls a big share of supply. As price rises, this gap becomes more visible.
Buying 1,000 XRP now costs much more than a year ago, which makes steady accumulation harder for retail investors. Large holders feel this far less.
Some community members say supply is not tight, pointing to roughly 16B XRP on exchanges. Others, including crypto lawyer Bill Morgan, argue XRP still mainly moves with Bitcoin’s direction, not wallet distribution.
The key takeaway: higher prices change who can accumulate, but BTC still leads the market.