The recent price increase of XRP has led to significant changes in holder distribution. The new price level creates barriers for new investors looking to enter the elite group.
XRP Rich List Update
Currently, XRP is trading at $3.44, which means that to enter the top 10, one needs to hold at least 2,446 XRP. This would cost an investor approximately $8,418, a sharp increase from lower XRP prices.
Financial Barriers for New Investors
The average income in the US is around $5,500 per month, while expenses are nearly $4,641. This indicates that it would take more than ten months of disciplined saving to reach the 2,446 XRP mark. In the UK, the situation is even tougher, as the average income of £2,800 and expenses of £2,600 mean it would take over two years to accumulate the necessary amount.
Investor Strategy Shift
As XRP's price continues to rise, investor strategies are changing, with fewer individuals able to afford sufficient XRP to join the upper tier of the rich list. This indicates the maturity of the asset, which is becoming increasingly challenging to accumulate in large volumes.
The surge in XRP's price has raised significant barriers for new investors. Entering the top 10 now requires over $8,400, making XRP less accessible to the broader public.
