An Oct. 8 snapshot counts 21.97 billion XRP in exchange custody, while executable supply depends on sell orders and price tolerance
For XRP buyers, available supply depends on the price they are willing to pay. The token's roughly 63.09 billion circulating supply gives the market's scale; sell orders show the quantities being offered at particular prices
XRP Insights, a ledger-data tracker, counted 21.97 billion XRP in exchange-attributed wallets at 08:00 UTC on Oct. 8, across 699 wallets and 24 venues. Those balances include pooled customer assets and cold storage
The purchasing question is the size of sell orders at different prices. In an Oct. 8 CoinGecko snapshot, the column labeled “+2% Depth” showed about $2.4 million for Binance XRP/USDT and $4.0 million for Coinbase XRP/USD. These provider-reported dollar figures cover two individual trading pairs and change as orders change. Order-book depth records orders across a price range, making price tolerance part of any estimate of buyable XRP
CryptoSlate's XRP market page displayed approximately 63.09 billion circulating tokens on Oct. 8. XRP Insights' supply breakdown used a broader figure: 68.59 billion XRP outside Ripple escrow after burns, with 31.40 billion still escrowed
The roughly 63 billion to 69 billion span therefore compares definitions. Calling it a range for buyable XRP would give it a meaning neither endpoint measures
CoinGecko's circulation methodology excludes escrow and can also exclude unlocked team or foundation holdings. Starting with a provider's circulating figure and subtracting those categories again risks counting the same exclusion twice
The following measurements include overlapping holdings and cover different parts of XRP's supply
These rows use different definitions and dates. They cannot be added together or subtracted in sequence to produce a clean float total
In its Oct. 8 snapshot, XRP Insights includes 477.4 million XRP of wrapped-token reserves and other funds in exchange balances. Within that, 140.4 million backing cbXRP, a token backed by XRP, also appears under decentralized finance, so subtracting both removes that backing twice
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XRP Insights excludes identified US spot ETF custody wallets without public exchange labels from its exchange total
Same-wallet balances fell by 44.0 million XRP over the seven days to Oct. 8
Fund holdings restrict ordinary investors' direct access while preserving a redemption route. Bitwise's Sept. 28 prospectus permits authorized participants, the firms allowed to exchange baskets directly with the fund, to redeem through delivery of XRP or cash from XRP sales. Retail investors cannot redeem individual shares directly
Ownership and custody can intersect. Ripple's Q1 2025 report explained that certain XRP transferred to investment vehicles could remain classified as Ripple-held until the company expected it to enter the broader market. Separate labels do not guarantee separate coins
Dormancy is another uncertain subtraction. XRP Radar lists founders' holdings at an estimated 4.60 billion XRP, dated Jan. 16, 2026, and an unverifiable 531 million lost or inaccessible estimate, dated Jan. 22, 2026, that includes long-dormant accounts. Neither figure demonstrates a current locked balance. Protocol escrow, by comparison, prevents use until its release conditions are met
Sell orders specify quantities and prices. A defensible buyable-supply range would require a price limit, a time window and coverage of executable exchange and over-the-counter offers. Holdings would also need to be reconciled so the same coins are counted once. Circulating supply provides scale and custody data shows where coins sit; buyers need the offers available for the trade they intend to make
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make…
