XRP may still be in the early adoption phase, according to Edoardo Farina, founder of Alpha Lions Academy. Amid a volatile market that has pushed XRP down 33% from its yearly high of $3.30, Farina believes that current holders are an elite minority and the wave of true adoption has yet to begin.
Farina has shared his findings based on on-chain wallet analysis and AI modeling. While XRP boasts 6.4 million wallet addresses, many of these are duplicate wallets or exchange-based custodial wallets. Farina himself holds more than 20 wallets, a common practice among seasoned users to enhance security and asset distribution.
The Actual Global Adoption of XRP Is Minimal
Farina estimates that only 1 to 2 million people globally actively hold XRP in a total global population of more than 8 billion people. This would put the global penetration of XRP at around 0.0125% to 0.025%, or about 1 in every 4,000 to 5,000 people. In his view, this makes XRP one of the least held top assets in today’s market.
He further emphasizes:
10% of top XRP wallet addresses hold 2,500 XRP or more, equivalent to about $5,000 at current prices.
2.6 million wallets hold 20 XRP or less, just enough to activate an address on the XRP Ledger.
2.5 million other wallets hold between 20 and 500 XRP, with a typical estimate of 250 XRP per wallet.
With speculative forecasts placing XRP at $1,000 in the future, even small holdings could theoretically lead to six-figure balances. But Farina warns: only 10% of current holders may have the patience or discipline to hold for that long.