Edoardo Farina, a prominent CEO in the crypto space, has provided insights into the minimum amount of XRP required to join the top ranks of token holders.
The Entry Point for the Top 10%
Recent data shows that investors need to hold 2,501 XRP to rank among the top 10% of holders. With XRP currently priced at $2.69, acquiring this amount requires an investment of approximately $6,727.7. The number of wallets meeting this threshold has significantly grown, reaching 617,768 wallets. In September 2024, 531,558 wallets were in this category, when the asset traded around $0.5.
What It Takes to Reach the Top 5%
To enter the top 5% of XRP holders, investors need to hold at least 9,122 XRP, which translates to approximately $24,538.18 at the current price. Farina has recommended holding up to 10,000 XRP for better profit-taking opportunities as prices increase. If the asset reaches $100, those holding 10,000 XRP could become millionaires.
The Wealthiest XRP Holders – The Top 1%
To be among the top 1% of XRP holders, individuals must own at least 53,212 XRP. At $2.69 per token, this amounts to about $143,139. Currently, only 61,777 wallets hold 53,212 XRP or more, highlighting the exclusivity of this group. Farina advised practicing self-custody and holding for the long term rather than settling for modest gains.
Edoardo Farina's analysis provides clear guidelines for investors looking to increase their stake in the growing XRP market. With rising token prices, entry thresholds for top holders continue to change.
