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As $XRP hovers around $2 amid consecutive weekly declines, community members urge each other to seize the opportunity and consolidate their holdings.
$XRP is down by 13% over the past week as it trades at $2.08. The price dip has persisted since January, but enthusiasts believe a turnaround is imminent. To encourage more accumulation, community figures often highlight the relatively small amount of tokens investors need to hold to rank among the “richest” $XRP holders.
Becoming a Top 10%, 5%, or 1% $XRP Holder
Notably, the latest statistics from the $XRP Rich List show that crypto investors only need to hold 2,501 $XRP to be among the top 10% of $XRP holders. Acquiring this portfolio requires an investment of about $5,227.
However, to become one of the top 5% of $XRP investors, one only needs to hold 9,003 tokens. Currently, only 316,880 accounts have this much $XRP. Joining this rank requires an investment of up to $19,000.
As for the lofty top 1%, it requires a more significant capital investment. The top 1% of $XRP investors have balances above 52,030 tokens, which costs around $108,742. Notably, only 63,376 wallets meet this requirement.
Given this relatively low entry barrier to the $XRP Rich List, prominent community figures continue urging enthusiasts to join the ranks of the top holders. They see the threshold as prestigious. Meanwhile, joining the ranks of top $XRP holders could hold a psychological significance.
Overview of the $XRP Holder Spectrum
For context, there are 6,337,602 wallets holding $XRP. However, the overwhelming majority hold fewer than 500 tokens, while a few wallets hold the largest concentration of $XRP.
In particular, 2.614 million accounts hold only 20 $XRP tokens, with their cumulative holding totaling 23.17 million $XRP. Meanwhile, about 2.517 million wallets hold between 20 and 500 $XRP, collectively amounting to 204.174 million tokens. On the other hand, fewer than 30 wallets hold over 20 billion $XRP tokens.
As a result, joining the ranks of the top $XRP holders requires just a few thousand tokens, as many wallets hold much lower amounts.
Hypothetical Projections
Community figures like Edoardo Farina, who frequently talk about joining the $XRP top holders list, often cite hypothetical $XRP price projections as a significant reason.
In his view, those with at least 2,501 $XRP holdings stand a better chance of financial success should $XRP reach prices like $100 per token. In this scenario, 2,501 $XRP ($5,227 today) would be worth $250,100.
Meanwhile, prediction platforms like Changelly and Telegaon have argued that $XRP could take more than a decade to reach $100. However, popular projections in the community suggest $XRP could reach $100 even this year. Nonetheless, this remains hypothetical.