Amidst a recent 13% weekly dip in XRP’s price, the crypto community is urging investors to capitalize on the current opportunities. Reaching the top 10% of XRP holders requires just 2,501 coins worth approximately $5,227, according to data compiled by the XRP Rich List. This relatively accessible entry point has fueled a campaign for accumulation among XRP enthusiasts who see potential in the coin’s future performance.
XRP is trading around the $2 mark as it faces consecutive weekly declines since January. However, community members remain optimistic about its future, believing that lower prices provide an ideal entry point to strengthen their positions.
The community highlights the low barrier for entry into top 10% of holders while exploring potentially more profitable investment strategies at a later stage.
For those aiming for the even more exclusive top 5%, a threshold of 9,003 XRP ($19,000) is required. Currently, only a limited number have achieved this level of accumulation. The journey to the top 1% of holders demands a significantly higher investment – 52,030 tokens (around $108,742). Despite the high cost associated with reaching this elite tier, only a relatively small number of individuals have managed to meet the criteria.
The XRP distribution reveals significant concentration patterns. Out of the total 6.3 million wallets, most hold very small amounts. A significant portion of XRP holders (2.614 million) are holding just 20 tokens. This highlights the growing disparity between those who have amassed substantial wealth through owning XRP and those with smaller holdings.