Per data from XRPL Services, XRP">XRP is on the verge of surpassing 5 million holders in 2023 – a significant milestone demonstrating expanding practical utility and integration for the sixth-largest cryptocurrency. Over $33 billion worth of XRP is held across nearly 5 million accounts.
The impressive growth in adoption comes despite an ongoing SEC lawsuit, with Ripple scoring a favorable ruling seeing XRP deemed not a security in 2023. The firm’s chief legal officer predicts a final resolution in 2024. Ripple also forecasts a utility boom next year as funding returns to solving real-world problems.
With financial institutions showing increasing crypto interest, XRP seems poised to drive innovation in cross-border payments and fintech partnerships to address legacy financial shortcomings. Approaching 5 million XRP holders solidifies growing traction as the asset aims higher.
