As XRP's value continues to rise, the challenge of staying in the top wealth brackets is growing for many holders.
Edo Farina, CEO of Alpha Lions Academy, notes that maintaining a position among the top 10% of XRP holders is becoming increasingly difficult. He predicts that when XRP reaches $100, only a select few thousand wallets will remain in the top 10%.
How Much XRP Is Needed to Join the Top 10%?
Farina’s analysis highlights a notable trend: the number of XRP tokens required to be in the top 10% has decreased as the token’s price has surged.
In June 2024, it took approximately 3,300 XRP to secure a spot in the top 10%. At that time, XRP was trading at $0.47, and acquiring this amount cost $1,551.
Fast forward to January 2025, the requirement has dropped to just 2,599 XRP. However, this comes at a much higher cost of $6,263, as XRP now trades above $2.40 per token.
Out of the 5.85 million wallets holding XRP, only 585,248 are in the top 10%, each with a balance exceeding 2,599 XRP. Meanwhile, the top 1% comprises just 58,000 wallets, each holding over 56,304 XRP—an amount worth $135,000 at current prices.
Farina underscores that as XRP’s price climbs, fewer people will be able to maintain their positions in these elite brackets. He encourages market participants to consider acquiring XRP now to avoid being priced out in the future.
The Decline in Self-Custody Among XRP Holders
Farina also highlights a significant issue: most XRP holders do not practice self-custody. Of the 500 million crypto users globally, only about 20 million hold their assets in self-custody wallets.
For XRP, Farina estimates that only around half a million holders control their tokens independently. He warns against keeping XRP on exchanges, emphasizing the risks and potential missed opportunities as XRP’s value increases.
The Importance of Self-Custody
Farina stresses that securely holding XRP through self-custody is crucial. As the number of top-tier holders shrinks due to rising prices, those who understand the importance of controlling their assets will have a better chance of maintaining their positions.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The opinions expressed are those of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
