Ripple Labs remains the largest holder of XRP, controlling 42% of the total 100 billion supply. The company manages 4.5 billion XRP in liquid holdings and 35 billion locked in escrow, releasing 1 billion XRP monthly to fund operations and maintain liquidity. This significant control raises concerns about decentralization, despite providing operational flexibility. Chris Larsen, Ripple's co-founder, is the largest individual XRP holder with over 2.5 billion XRP, valued at approximately $7 billion. His holdings are distributed across eight wallets, with recent sales coinciding with XRP's price surge to over $3. Larsen's influence on the market remains substantial, holding 4.6% of the XRP market cap. Exchanges like Upbit and Binance also feature prominently on the XRP rich list, holding billions in customer funds. Upbit leads with 6 billion XRP, reflecting strong Korean demand. Despite regulatory challenges, XRP's legal clarity post-SEC lawsuit has bolstered institutional confidence, with whale wallets reaching record numbers in 2025.