Heres How Much Needed to be Atop the XRP Rich List, Analyst Insists 99% Will Not Make It
An XRP community analyst shares how much investors need to be among the top 10 XRP Rich list, suggesting most individuals will not make it.The commentary comes as XRP faces bearish pressure, struggling to maintain momentum above the $2.2 level. Since late April, the asset has remained bound within this price range, despite experiencing brief surges and dips. Currently, XRP is trading at $2.21 as market uncertainty grows.Amid this price stagnation, investor sentiment has grown cautious. However, industry figures like Edoardo Farina, Head of Social Adoption at XRPHealthcare, view this period as an attractive accumulation phase. Farina has continued to stress XRP's long-term potential, pointing out that the current lull in price presents an opportunity for investors to accumulate tokens before the next major uptrend.As part of this campaign, he recently reviewed the XRP Rich List, an unofficial leaderboard of wallet holders ranked by XRP holdings. His analysis revealed that the total number of XRP wallets has reached 6.4 million. The XRP Rich ListDespite this figure, he warned that wallet count does not equate to individual holders. Many users, including himself, own multiple wallets for various purposes, such as trading, self-custody, and diversification.According to Farina, most of these wallets are either inactive, custodial, or contain negligible amounts of XRP. In fact, he referenced estimations indicating that roughly 60% to 70% of wallets on the XRP rich list could fall into these categories, leaving only about 30% to 40% as active, self-custody holdings. Farina stated that AI analysis, such as estimations from ChatGPT, suggests that the real number of XRP holders might lie between 1.5 and 2 million. He believes the actual count is closer to one million.This incredibly low number, when compared to the global population, shows the exclusivity involved in XRP market participation. According to these estimates, less than 0.025% of the world's population holds any XRP. Farina believes this indicates how early most investors still are.Meanwhile, citing on-chain data, Farina pointed out that to secure a rank among the top 10% of XRP wallets, an individual would need to hold about 2,500 XRP. At current market prices, this equates to an investment of roughly $5,000.
Text source: The Crypto Basic
