CandleFocus Top 10 XRP holders own 35% of all tokens
2024-12-23
Author: Content Editor
XRP, one of the top cryptocurrencies, is facing concerns over centralization due to its concentrated ownership. Ripple-controlled addresses hold a majority of the XRP tokens, with major exchanges also being top holders. The top 10 XRP holders collectively own 35.39% of the total supply. Critics argue that this concentration goes against the principles of decentralization. Ripple has faced criticism for relying on a centralized Unique Node List and Proof of Authority, among other issues. Some have suggested that Ripple adopt a Proof of Stake model to increase decentralization. In terms of price movement, XRP has been consolidating within a descending triangle and is testing a support line around $1.80. A breakout above resistance could trigger a rally, while a breakdown below support may lead to further declines.
Related News
Cardano Founder Advocates Bipartisan Approach to Cryptocurrency Policies Mantra (OM) Price Tests Crucial Support As Bears Take Control Bank Executive Allegedly Drains $4,277,227 From Customers’ Accounts in 11-Year Scheme: Report Mrgn’s co-founder built a new product. Mrgn isn’t a fan. RWA platform Allo secures $100m Bitcoin-backed credit facility Binance-Listed Altcoin Announces Plans for 2025 Cardano (ADA) Price Could Soar 30%, But There’s a Catch Nimble Network Unveils Game-Changing Updates to Transform the Future of Decentralization Institutional Crypto Products Continue Inflow Hot Streak Despite Market Sell-Off: CoinShares Dogecoin Rally Imminent? 2024 Price Action Mirrors Past Cycles Glacier Network Announces a New Collaboration with OMNIA Protocol Trump crypto appointment spurs optimism Memecoins capture 31% of investor mindshare in 2024, surging 4x in popularity Analog Launches Mainnet to Advance Multi-Chain Blockchain Applications 'Santa Rally' MIA as Bitcoin Falls to Lowest Price in a Month Bitcoin Tumbles Further from $100,000 as Whales Cut Exposure Gameta Announces Exclusive Collaboration with Jump.fun to Enhance Gaming Experience XRP at Make-or-Break Level, Can It Hold $2.15? WSJ reheats Bitcoin's quantum hack concerns, researcher calls it a 'time bomb' Shiba Inu (SHIB) Price Movement Shows Conflicting Technical Patterns OpenAI's o3 Hits Human-Level Scores, But Is It Good Enough to Be AGI? MoonPay to acquire Helio Pay for $150 million in its largest deal yet Stocks trade sideways after Congress passes stopgap spending bill IRS doubles down on crypto staking taxes — Report Bitcoin Flashing Bullish Pattern That Led to 100% Rally Earlier This Year, According to Analyst Justin Bennett Cardano Price Patterns Mirror 2020, Is $6 Target in Sight? Chainlink introduces MEV recapture solution for DeFi XRP Price Faces 8% Weekly Decline with Key Support Level in Focus Uniswap taps Blockaid for new token warning system Odds of Magnificent 7 Company Buying Bitcoin on the Rise Is now the time to buy Curve Dao? What the MVRV ratio tells you Robinhood holding bitcoin 'comes up from time to time,' CEO says History Suggests Dogecoin Price Primed For Parabolic Rally to $10 Bitcoin is Declining: But Is There a Need for FUD? Analytics Company Reveals the Real Truth Crypto-friendly Sen.-elect Bernie Moreno assigned to Senate Banking Committee Veteran Analyst il Capo Talks Bitcoin, Ethereum, XRP and Memecoins After the Market Drop: Is an Altcoin Bull Close? Litecoin Reflects on the B- Rating Given by Weiss Crypto Cryptocurrency Analytics Firm Examines Two Specific Onchain Metrics in Bitcoin, Issues Warning Gaming prediction market Forkast to launch on Ronin Here’s Why Bitcoin Price $100K Comeback Could Be Sooner Than Expected 3 Altcoins to Watch in the Fourth Week of December 2024 XRP Becomes Most Traded Altcoin on Binance This December The Satoshi Papers Explores The Role Of The State In A Post-Bitcoin World: An Interview With Natalie Smolenski Binance and Kraken lead $10 million investment into rapidly-growing decentralized stablecoin Usual XRP price slowly forms a rare pattern: is a rebound coming? Malaysia flags Atomic Wallet as unauthorized operation $WIF’s Price Bottom Confirmed: Is a Sustained Rally on the Horizon? Satonomy launches beta platform to simplify Bitcoin UTXO and asset management Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter? XRP Price Prediction: Surge to $10 or Drop to $1? MicroStrategy buys Bitcoin price top at $106k, already down 12% Binance Announces New Altcoin Project It Invested In – Also Listed on its Platform Bitcoin to Hit $250,000? Here Are 2025 Market Predictions Bullish Pennant Confirmed on SOL: Why $400 Could Be the Next Milestone Binance Aims to Lead Airdrop Space with Binance Wallet Ethereum price may be about to surge, history says Cartesi Whale Deposits 24 Million CTSI Tokens To Binance, Sign Of Plunge? $JUNO, $HIVE, and $IDEX Lead Top Daily Gainers AAVE price rises as smart money buys, exchange balances falls Blockchain developer market becomes more centralized post-FTX, data shows Top 10 Cryptocurrencies With Most Recent ATHs Solana beats Ethereum in a key metric 3 months in a row Crypto.com launches Polymarket-style sports prediction market in the US Price analysis 12/23: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX Bitcoin (BTC) Testing Key Support Level After Sudden Drop Tron Network Launches First AI Agent: Details Ethereum Traders Maintain High Risk Appetite Despite 15% Price Drop Hyperliquid Token Plunges 21% Amid Fears of Looming North Korea Hack $3,000 Gone Overnight: Bitcoin’s Slide Sparks Global Crypto Shakeup Litecoin Records Growth In Daily Active Addresses In 2024: Report Solana Dips Above The Low of $170 Max Pain—Largest Bitcoin Options Expiry in History to Conclude a Volatile Year VeStation NFT Upgrade Complete: Mercury Brings 120% $B3TR Rewards Boost Top 10 XRP holders own 35% of all tokens Dogecoin (DOGE) Surpassed $1 Billion on This Date Seven Years Ago: Details Bitcoin Christmas: How to give family and friends useful crypto advice ImmuneFi 2024 wrap-up: crypto losses from major attacks down 17% year-on-year 'Running out of Firepower': Schiff Roasts Saylor's Latest Bitcoin (BTC) Purchase What the Key Metrics for Onchain Activity Say About SOL, ETH and Other Chains in 2025 Ethereum's Key Metrics Surge: Is ETH Rebound Imminent? Huge Bitcoin Reverse Explained by Bloomberg’s Mike McGlone: Details Bitcoin extends losses as traders see sub-$90K BTC price support test Cosmos Roadmap for Q1 2025 Defines Cosmos Hub Performance Enhancements La Rosa Holdings to offer Bitcoin payments for real estate agents SHIB Burns Jump 936%, Price Reacts Unexpectedly Heroes and Villains: Key Figures Who Shaped the Crypto Industry in 2024 Why 68% of top traders are bullish on Aave right now Texas an Oasis for Bitcoin says the only Bitcoin Miner in US Senate DeSci tokens get a volume boost after Binance Launchpool adds Bio Protocol (BIO) Solana Holds Weekly Support At $180 – Analyst Expects $330 Mid-Term Hyperliquid Hits Record $60 Million Outflows Amid Hack Fears AdEx releases AURA, an AI-driven Web3 activity analyzer Litecoin Price Prediction: LTC tries to retake $100 resistance as miners halt sell-off Immutable (IMX) and Worldcoin (WLD) lead $513 million token unlocks this week Carv Protocol Offers Support for Beam Nodes to Solidify Beam Network Christmas lull? Major cryptos down as investors appear to be taking profits This crypto is down 42% and screams “buy” right now (Hint: Not XRP) Robinhood wants to be a tokenization ‘pioneer’ Gaming Prediction Market Forkast Launching on Ethereum Network Ronin Top 5 Blockchains by TVL in 2024: Eth Dominates DeFi Koma Inu price soars as technical pattern signals potential for a new ATH Solana Layer 2 Sonic to Airdrop SONIC Token to TikTok Users Most Layer 2 solutions are still struggling with scalability and cost challenges | Opinion Market Crash Ahead? Mt. Gox Moves $49.3 Million in Bitcoin Bitcoin miner CleanSpark hits milestone as hashrate exceeds 37 EH/s 1,500% Explosive Pump Awaits Enjin Coin (ENJ) as Multiple Bullish Patterns Align with Breakout and Retest Bitcoin News: BTC Risks Falling To $20K If This Happens As XRP Hits Key Level, Here Are 3 Continuation Scenarios South Korea Crypto Regulation: New Bill Targets Money Laundering Just-In: Matador Plans To Buy $4.5M Bitcoin Amid Corporate Strategy Shift 73.96 Trillion Shiba Inu Confronts Giant Sell Wall, Here's Price Level to Watch Investment Advisers to Supplant Hedge Funds as Top BTC ETF Holders in 2025: CF Benchmarks Analyst Says XRP New Cheap Entry Price Is $2, Expects $3 and $5 Sooner Than Anticipated DOGE and SHIB Price Prediction for December 23 Alliance Partners Reveal $60K as MicroStrategy Bitcoin Liquidation Price, but There’s a Catch Why These Altcoins Are Trending Today — December 23 Caught in Offside? Argentine Soccer Team Scammed by Missing Press Chief in Crypto Swindle BTC, ETH and XRP Price Prediction for December 23 4.3 Billion ADA Sell Wall on Cardano's Path to $1: Details Ethiopia Signals Potential Shift on Cryptocurrency Stance Avalon Labs Raises $10M Series A to Grow Bitcoin-Backed Stablecoin CAT, MOG, SHIB Among Meme Tokens Added to Chainlink Services What’s Ahead for FARTCOIN After Volume Crashes from $300 Million Peak Securitize Proposes Adding BlackRock’s BUIDL Token as Collateral for Frax USD Stablecoin OpenSea Hints at OCEAN Token Launch On New X Account Top NFT Sales Based on Weekly Performance, Azuki Leading the Pack A New Warning Came From the Expert Who Correctly Predicted Bitcoin Will Exceed $100,000! Here Are the Details Crypto Fear & Greed Index Falls to 70, Remains in ‘Greed’ Zone Ethereum’s Dominance Struggles: Will 2025 Bring a Turnaround? El Salvador celebrates Christmas 2024 by buying another Bitcoin Verge (XVG) price jumps 70% as privacy coins lead market rebound Bitcoin, XRP, and Ethereum See Massive Two-Year Growth in Non-Empty Wallets TON Blockchain Growth Surges: Daily Active Users Exceed 5 Million Here’s why HYPE fell 20% over the past day FED Makes Hawkish Statements: Institutional Investors First Sold, Then Turned to Bitcoin and Surprise Altcoins! Expert Says Ignoring XRP This Bull Run Could Be One of the Biggest Mistakes, Cites Probable $1T Market Cap Binance Launches HIVE Futures Trading, Adds BIO Protocol to Launchpad IOTA Positions Itself as Key Player in Trillion-Dollar RWA Blockchain Revolution Why is the XRP Price Down Today? (Ripple Price Analysis) Why Is XRP Down? Dec. 23rd Update and Price Analysis Singularity Finance Partners with Zoth for ZLTN Prime Tokenized Asset Will Solana Price Kickstart Rally to $400 or Crash Lower? FTT Eyes $4 as FTX Restructuring Plan Prepares for January Kickoff BNB retests $675 as XLM holds key level SafeMoon up 132% in the past month: can it sustain the surge? Here’s why Stellar Price Could Go Parabolic Soon Cardano Price Analysis: Will ADA Reclaim $1 After a Bearish Weekend? MicroStrategy Buys 5,262 BTC for $561 Million Roam DePIN Hits Major Adoption Milestone Targeting 1.7 Million Users Ripple CTO Sparks Heated XRP Price Discussion: ‘10x Times’ Bitcoin Struggles Below $100K: Will Bears Push BTC to $90K? Aave Price Reaches 3-Year High Following On-chain Metrics Growth Bitcoin shows signs of maturity as BTC ends the year with the smallest drawdowns in any bull cycle Almost Half of Shiba Inu (SHIB) Holders Are Not in Profit XRP Eyes $2.50 Resistance as Bulls Reemerge MicroStrategy Lists on Nasdaq 100 Today; Will $MSTR Hit $400? Metaplanet Picks Up Record 620 Bitcoin as XRP Leads Market Slide Russia’s Kaspersky warns scammers post crypto wallet seed phrases on YouTube to steal funds XRP Seeing Parabolic Growth in Wallets Amid 253% Gain Bitcoin Exchange Binance Announces the Altcoin It Chose for Its 63rd Launchpool Project! Here Are the Details Web3 Startup The Grid Is Building Google Maps for Blockchain Data Will Ripple Price Rocket 60% After XRP ETF Launch? Arthur Hayes just dumped $10 million of this crypto he supports Cardano Price Analysis: New ADA Rally to $1 Soon? MOCA token soars on holiday giveaway, forms bullish pattern hinting at a new all-time high Orbs Unveils Liquidity Hub V2 to Level Up Decentralized Trading Ethereum Bulls Hold 100-Day EMA: Is ETH Ready to Explode? Rare Pepe Coin Price Pattern Hints 35% Crash Top 3 Reasons Why Bitcoin Price Crash Will End Soon XRP Soars 328%, HBAR Jumps 457% in Post-Election Cryptocurrency Boom XRP Price Eyes $4 With Record Transactions on Binance Bitcoin Price Analysis: Can Bitcoin Bounce Back to $100K Following 8% Weekly Drop? NFTs in 2024: Surviving challenges, embracing growth, eyeing the future Coinbase’s 5 Predictions for The Crypto Market in 2025 Phoenix Group: UAE’s Crypto Giant Plans Nasdaq Dual Listing in 2025 USDX built to support DeFi ecosystem growth: Hex Trust CEO Stellar (XLM) set for an imminent rally Can Hamster Kombat S2 Ignite a Comeback for HMSTR Token? Bitcoin Exchange Binance Launches Combined Mining Support for Two Altcoins! Here Are Those Altcoins Weekly Price Analysis: Yearly Selloffs Push Prices Lower Another Dogecoin (DOGE) 'parabolic rally is on the way,' says expert Cardano-Ripple collaboration? Hoskinson praises Ripple CTO in recent remarks Gate Group Acquires Coin Master Co., Ltd. to Expand Localized Services in Japan JUST IN: Binance Announced the New Altcoin It Will List! There Was a Sudden Jump in Price! Cardano (ADA) 18% Decline Raises Alarm Amid Weak Network Activity DOGE Creator Says ‘I’m Pre-Rich’, Sparking Hot Crypto Discussion Nokia patents technology for encrypting digital assets Bitcoin Struggles at $96K, Will Crypto Correction Worsen This Week? (Market Watch) Elon Musk Weighs in on Rumors of Biden Pardoning SBF Top 15 Projects by Total Value Locked Last 30 Days Top Crypto Payment Cards That Work with Apple Pay ADA Faces Retest Of $0.8119 As Technical Indicators Turn Bearish Is Litecoin (LTC) merge mining the new trend for tokens? 'Rich Dad Poor Dad' Author Kiyosaki Reveals His Plan to Get Rich Amid Global Crash South Korea, US team up to craft new strategies against North Korean crypto heists: report ? How Hoskinson Thinks Cardano is Similar To Bitcoin and XRP Can traders trust Binance Alpha-launched projects? 41% of its projects tank Peanut the Squirrel: Could PNUT Token Price Hit a New All-Time High Soon? Top Blockchain Giants Overpowered by Developer Activity Golden Cross and Cup & Handle Predict Major Upside for JASMY GALA Sees 35% Weekly Decline Amid Regulatory Challenges Why Flare Limits FAsset Minting During Songbird Testing Phase Bitcoin Sentiment Dips to Lowest Mark of 2024 Amid Downturn Bitcoin Correction Deepens, Sees Worst Week Since Trump Win Is the Trump Rally Over in Bitcoin? Will the Decline Continue? Analysts Answered! Here is Only Reason XRP May Never Reach $1,200 Will the PEPE price 100x in the Next 30 Days? What Polkadot’s ‘falling wedge’ breakout means for traders Bitcoin Price Under Pressure: Could The Slide Continue? Crypto Bull Run 2025: Strategies to Build a $1M Portfolio 362,380 LINK move in 48 hours: Here’s what Chainlink whales are up to BTC price risks $20K crash: 5 Things to know in Bitcoin this week Here is How High Dogecoin Can Rise if Bitcoin Reaches Gold’s $17.73T Market Cap Ethereum Price Back In The Red: A Deeper Drop Ahead? Botswana central bank flags 'minimal’ risks from crypto but urges regulation aelf’s aevatar Intelligence: No-Code AI Agents for the Web3 Frontier Bitcoin Fails to Outperform Cocoa in 2024 Flamingo Finance shares early 2025 roadmap, focus on OrderBook+ 2.0 and FLOCKS More Pain Likely, Market Expert Says After Bitcoin's Biggest Loss Since August Barefoot investor uncovers shocking DeFi scam after his identity was stolen Phishing fears as trade in crypto event attendees’ details revealed North Korean hackers have lost more than $700,000 in trading on Hyperliquid. Are they preparing to hack the platform? Experts Discuss if Decentralized AI is Next Big Trend or Just Another Retail Fad Animoca Founder Yat Siu Reveals Moca Network Plans, MOCA Coin Jumps 15% Tron’s Justin Sun Offloads 50% ETH Holdings, Ethereum Price Crash Imminent? Unichain’s public mainnet expected to launch in ‘early 2025,’ Uniswap says Your VASP license won’t save you anymore Bloomberg ETF Analyst Hints Dogecoin Spot ETF Filing Under Trump Presidency Bybit Proof Of Reserve Shows Changes In BTC, ETH, And USDT Ripple Makes Mysterious 90 Million XRP Transfer: What's Going On? Bitcoin sees first major weekly price decline since Trump’s election win Euro-Backed Stablecoins Flourish Post-MiCA, Reach €800M in Monthly Volumes XRP Price Prediction For December 23 XRP Price Outlook for 2025: Will XRP Surge to New Highs on the Bullish Wave? WEF highlights tokenization’s transformative impact Sorry Saylor, Bitcoin was always about payments — minisatoshi releases BCH upgrade history to complement epic BTC fork map Bitcoin Drawdowns See Decreased Severity Amid Bull Market Resurgence Bitcoin Signal: Could XRP, Solana, ATH, FIL, and RNDR Be Set to Rally? Metaplanet Expands Bitcoin Holdings to 1,761.98 BTC Following $60.70 Million Investment Cryptocurrency Market Today Dec 23: BTC At $94K, MOVE Down 20%, HYPE Falls 19% Saylor floats US crypto framework with $81T Bitcoin reserve plan Binance Founder CZ Warns: Receiving Crypto This Way Could Instantly Empty Your Wallet Australia’s ‘Barefoot Investor’ takes on crypto scammers stealing his likeness Ripple XRP Whale Transfers Spark Investor Interest as Prices Surge CryptoQuant Reveals the Leverage Risk on CEXs Amidst the Approaching Bull Run SoonChain Partners with Omni Network to Boost Decentralized Gaming US Bitcoin reserve could slash national debt 35% by 2049: VanEck XRP Hits Strong Support Level, Is $93,000 Next for Bitcoin (BTC)? Dogecoin (DOGE) Dream of $1 Is Over? This Week in Crypto Games: Santa Brings Bitcoin, Ethereum Token Launch Frenzy