The latest XRP rich list highlights how expensive it is for investors to climb the ranks at current prices.
Data shared by XRP Bags (@XRPBags), a notable figure in the cryptocurrency community, demonstrates how challenging it has become to secure a position in the top percentage of XRP accounts.
XRP is transforming into an exclusive asset as price and adoption increase. Based on the most recent data, only the top 10% of XRP holders possess at least 2,552.73 XRP balances.
To join this group today, an investor would invest approximately $8,092.15 at the current market rate of $3.17 per XRP. This threshold significantly increases for higher-ranked tiers. For instance, to break into the top 1%, an investor would require a balance exceeding 55,309 XRP, equating to more than $175,329.53 at the same price point.
It's getting more expensive climbing up the ranks $XRP pic.twitter.com/5tdlaDJBgc
— XRP Bags💰👨🏽🚀 BagMan (@XRPBags) January 17, 2025
XRP About to Become More Exclusive
XRP has climbed well over 450% from its price in early November 2024, and many experts expect this historic climb to continue. One prominent analyst recently showed a crucial level XRP must surpass to soar to $15 by March 10 .
If XRP can reach this price point, becoming a top 10% holder would cost $38,290.95. This will keep rising as XRP’s price grows and those who will gain the most are the investors who got in much earlier.
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Edoardo Farina, a well-known cryptocurrency CEO, also commented on this phenomenon, stating that the rising cost of buying significant amounts of XRP is fueling fear of missing out (FOMO) among investors. He emphasized how the market dynamics are increasingly pricing out retail investors from owning substantial XRP holdings.
The exclusivity of XRP is a reflection of its price and capped supply. With only 100 billion XRP total supply, increasing demand from retail and institutional investors further reduces the amount available for accumulation.
An additional barrier to accumulation is Ripple’s substantial escrow holdings. With the low supply that will reduce further with growing institutional interest, retail investors may be driven out if they don’t accumulate tokens early.
For those who have already accumulated XRP, the value of these holdings is poised to increase as the asset’s price rises, potentially elevating them into higher tiers of the rich list. For prospective investors, the growing entry barriers present a challenge and a sense of urgency to act before prices escalate further .
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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