Just 2,065 XRP is enough to place a wallet among the largest 10% of funded accounts on the XRP Ledger, according to a snapshot cited by Bullrunners host Ryan Huggins. He argued that this relatively modest threshold reflects the large number of small accounts, rather than signaling any increased scarcity of $XRP.
XRP Ledger Account Distribution
Huggins referenced account data from October 25, 2026, valuing the 2,065 XRP benchmark at roughly $2,660 on that date. The information presented originates from a video and describes individual ledger accounts, not individual investors, since one person can control multiple wallets or a single exchange wallet may aggregate numerous users’ balances.
Snapshot figures show that out of 8,269,831 funded XRP Ledger accounts, about 74% hold fewer than 100 XRP, with roughly 82% holding under 500 XRP. This concentration of small balances means relatively few wallets need higher balances to reach the upper percentiles of the ranking.
| Account Holding | Percent of Accounts |
|---|---|
| Less than 100 XRP | 74% |
| Less than 500 XRP | 82% |
| At least 2,065 XRP (Top 10%) | 10% |
Impact of Reserve Reduction
Huggins linked the current account distribution to the XRP Ledger’s reserve adjustment in December 2024, when the required minimum account reserve dropped from 10 XRP to just 1 XRP. This change made it far easier and less expensive to open new, smaller accounts, which contributed to the overall growth in account numbers at lower balances.
In the snapshots discussed, the top 10% threshold fell from 2,143 XRP on August 11, 2026, to 2,065 XRP by October 25, 2026. Meanwhile, the minimum balance needed to join the top 1% also decreased over the same period, moving from 44,771 XRP to about 43,451 XRP.
| Date | Top 10% Threshold | Top 1% Threshold |
|---|---|---|
| August 11, 2026 | 2,143 XRP | 44,771 XRP |
| October 25, 2026 | 2,065 XRP | 43,451 XRP |
Interpreting the Data
Adding more small accounts can, in itself, lower account-based percentile cutoffs without requiring that larger holders sell any XRP. Huggins acknowledges that the ledger primarily counts addresses, not necessarily individual investors or distinct sources of capital.
He emphasized that an exchange address may represent thousands of individual customers, while a single investor can operate multiple accounts. Inactive or abandoned wallets can further complicate interpretation, and thus, wallet distribution charts may not directly reflect the real landscape of ownership or active participation.
“The ledger just counts boxes,” Huggins observed, adding that exchange and fund addresses can mask the true number of holders or the concentration of holdings.
For users with exposure to XRP through exchanges or investment funds, their balances may be aggregated in large custodial addresses, making them invisible in rankings of individual wallets. This distinction highlights why wallet snapshots offer a limited view of real market concentration and supply.
The relevant takeaway is that these data snapshots provide a perspective on visible account size distribution at given points in time, rather than serving as direct indicators of XRP adoption, scarcity, or liquidity. For a full picture of market supply and risk, investors must also consider exchange-held balances and overall ownership concentration.
