XRP Holders Set to Surpass 5 Million Mark by the End of 2023
As the year 2023 comes to a close, XRP is on the cusp of achieving a significant milestone, with its number of holders nearing 5 million. XRPL Services’ data reveals that there are currently 4,979,903 accounts that hold XRP, and this number continues to grow steadily.
Impressively, these accounts collectively hold a staggering 59,279,426,679 XRP, while only a mere 1,402 addresses maintain a zero balance. This positive trend reflects the increasing popularity and utilization of XRP, which is one of the oldest and largest digital assets in the cryptocurrency market.
Over the span of more than ten years, XRP has consistently held a position within the top 10 cryptocurrencies by market capitalization, currently valued at over $33.86 billion.
At the time of writing, XRP had experienced a 1.66% decline in the last 24 hours, settling at $0.626.
Optimistic Outlook for XRP Holders in 2024
With the imminent conclusion of 2023, XRP holders have multiple reasons to feel optimistic about the future. Notably, Ripple emerged victorious in the SEC lawsuit, as XRP was deemed not to be a security.
According to Ripple’s Chief Legal Officer Stuart Alderoty, the lawsuit is predicted to draw to a close in 2024.
Furthermore, Ripple anticipates a utility boom in the coming year, predicting that funding will rebound with a renewed emphasis on solving real-world problems through enterprise solutions rather than solely focusing on infrastructure.
During 2023, fintech firms displayed increased interest in cryptocurrency. Ripple’s 2023 New Value Report states that three-quarters of financial institutions are likely to explore digital asset services within the next three years, particularly in the realm of cross-border payments.
Ripple envisions an upswing in fintech and crypto collaborations in 2024, aiming to bridge the gap between emerging and existing financial technology while addressing longstanding pain points in the industry.