According to Bybit’s 25H1 Asset Allocation report, XRP’s holder ratio dropped significantly from 5% to 2.42% in the first half of 2025.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
3 mins read
While the recent XRP XRP $2.20 24h volatility: 0.2% Market cap: $129.66 B Vol. 24h: $2.41 B price recovery to $2.2 has sparked discussions of a potential breakout, on-chain metrics suggest that investors might need to wait more.
During the first half of this year, the Ripple holder ratio dropped by 50%. However, the long-term chart still indicates growth.
Crypto exchange Bybit recently published a report dubbed 25H1 Asset Allocation, showing that the Ripple holder ratio within the first six months of 2025 dropped from 5% to 2.42%. However, over the long term, the percentage of Ripple holders has actually increased.
For example, the percentage of XRP holders rose from 1.29% in October 2024 to 2.42% by May 2025, nearly doubling during this period. This significant rise shows how conclusions can vary depending on the timeframe.
XRP Holders Drop By 50% in H1 2025 – Source: Bybit
In contrast to Ripple XRP, Solana’s SOL $144.4 24h volatility: 0.7% Market cap: $77.17 B Vol. 24h: $3.32 B holder ratio dropped from 2.72% in November 2024 to 1.76% by May 2025.
Bybit partially attributes this decline to investors shifting from SOL to XRP, fueled by increasing optimism surrounding the potential approval of a spot XRP ETF.
“The crypto investing industry view is that Ripple Spot ETF approval is likely ahead of such approval for a Solana Spot ETF. As such, we’ve observed partial capital allocation on the part of institutions from SOL to XRP,” the Bybit report stated.
For a long time, XRP’s price has traded between $2.00 and $2.40, with traders eagerly anticipating a breakout toward $3. After reaching a high of $3.40 in January, Ripple has mostly moved sideways.
Popular crypto analyst EGRAG Crypto recently predicted that the XRP/USD trading pair could gain momentum this summer. XRP’s price action has formed a large symmetrical triangle on the monthly chart, signaling a significant move in the coming months.
Egrag Crypto detailed that such patterns usually resolve between 75% and 95% of the total pattern duration.
In XRP’s case, the cryptocurrency has been consolidating within the symmetrical triangle for 334 days. Based on historical trends, Egrag identified two potential breakout timelines:
#XRP – The Breakout Is Coming – Base On Math🔥:
🔳 Based on historical patterns, breakouts from triangle formations (symmetrical, ascending, or descending) typically happen around 75% to 95% of the total pattern duration.
🔳 Calculations for a 334-day pattern:
▫️75% of 334… pic.twitter.com/64hhEK0J0A— EGRAG CRYPTO (@egragcrypto) June 24, 2025
Adding to the bullish sentiment, Ripple co-founder Arthur Britto made his first public post since 2011. CTO David Schwartz confirmed its authenticity, and XRP jumped 8% shortly after.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.