- As XRP’s price climbs, fewer holders are qualifying for the top 10% wealth bracket, with only around 585,248 addresses holding more than 2,601 XRP currently making the cut.
- The expert, Edo Farina, emphasizes the importance of self-custody, as only around 0.5 million XRP holders truly control their tokens, while the rest keep them on exchanges.
- Farina predicts that by the time XRP reaches $100, only a few thousand holders will remain in the top 10% of wallets.
As the value of the cryptocurrency XRP steadily increases, it’s becoming progressively difficult for investors to hold a position in the top 10% wealth bracket. Edo Farina, the CEO of Alpha Lions Academy, has noted this trend and warned of the potential consequences. Accordingly, Farina has suggested that investors need to hold more than 2,601 XRP tokens to ensure their place in the top 10% wealth bracket.
The Increasing Difficulty of Climbing the Wealth Ladder
The steady climb in XRP’s value has resulted in fewer people qualifying for the top 10% wealth bracket. Farina predicts that as the value of XRP continues to rise and potentially hits $100, the number of holders in the top 10% will dwindle down to a few thousand.
The Wealthy Few: XRP’s Top 10%
Farina’s analysis reveals a significant trend: as the value of XRP has risen, the number of tokens needed to be in the top 10% has decreased. For instance, in June 2024, it required approximately 3,300 XRP tokens to be in the top 10%. However, this number has dropped to 2,599 XRP tokens by January 2025. This drop is attributed to the rising value of XRP, as fewer tokens are now required to achieve the same financial position.
The Increasing Cost of Entry
Despite the decreasing number of tokens required to enter the top 10%, the cost of entry has grown significantly. With the current value of XRP above $2.40 per token, it now costs $6,263 to join the top 10%. This increased financial requirement has emerged as the value of XRP continues to rise.
The Importance of Self-Custody
Farina also emphasizes the importance of self-custody, noting that a minimal number of global crypto users practice this. He warns of the potential risks of holding XRP on exchanges, which could result in investors missing out on significant benefits as XRP’s value skyrockets.
Conclusion
As the price of XRP continues to increase, the number of people able to maintain a top-tier position will decrease. Farina encourages market participants to buy XRP now at lower prices to avoid being priced out as the price continues to climb. Moreover, he stresses the importance of self-custody, stating that those who understand the value of securely holding their assets will have the best chance of remaining among the top holders for the long haul.
