The price of XRP is on the rise, and as it does, more holders are finding it challenging to remain in the top 10% wealth bracket. Industry expert Edo Farina, CEO of Alpha Lions Academy, warns that as XRP approaches monumental values like $100, only a select few will hold enough to stay within this elite group.
The Escalating Cost to Stay in the Elite Circle
Farina’s insights reveal a striking trend: as XRP prices have shot up, the quantity of XRP required to be in the top 10% has significantly decreased. Back in June 2024, approximately 3,300 XRP was necessary to make it to this elite status when the price sat at around $0.47, amounting to a modest $1,551 to buy in. Fast forward to January 2025, and the number needed has dropped to just 2,599 XRP, but the cost skyrocketed to $6,263, reflecting XRP’s new value of over $2.40 per token.
While fewer XRP are required to join the top wealth tier, the substantial price increase complicates the journey for newcomers or smaller holders aiming for a spot among the elite.
Understanding XRP Wealth Distribution
Currently, the data shows there are over 5.85 million wallets containing XRP, with only 585,248 addresses boasting balances surpassing 2,599 XRP, thus confirming their places in the top 10%. Delving deeper, the top 1% is an even smaller group, comprised of just 58,000 wallets that each hold over 56,304 XRP, translating to an eye-watering investment of approximately $135,000.
As Farina observes, as the value of XRP climbs higher, fewer individuals will be positioned to maintain their status in the wealth tiers. This presents a timely opportunity for current holders of XRP who bought in at lower prices to fortify their standings before prices escalate even further.
The Need for Self-Custody
Beyond wealth distribution, Farina brings attention to a troubling trend: fewer XRP holders are opting for self-custody. Despite an impressive tally of over 500 million crypto users on a global scale, only around 20 million actively secure their assets themselves. Farina estimates that only about half a million XRP holders genuinely exercise control over their tokens through self-custody, a move that could risk their ability to capitalize on future gains.
Holding XRP on exchanges can be fraught with risks, as Farina cautions. Investors might miss crucial profit opportunities. Embracing self-custody empowers individuals to retain full autonomy over their tokens without the need to depend on third-party exchanges. This practice becomes increasingly vital as XRP rises in value, ensuring that holders preserve their wealth.
Solidify Your Wealth Position
Farina’s insight is straightforward: the widening wealth divide among XRP holders coupled with surging XRP prices means that fewer people will sustain their elite positions as the price escalates. Those who recognize the necessity of securing their tokens through self-custody will be among those poised to take advantage of XRP’s growth for the long haul. With XRP growing swiftly, the opportunity to secure a top-tier wealth position is closing fast. It’s critical for holders to act promptly, ensuring their place among the wealthiest within the cryptocurrency landscape.
As XRP continues to soar, staying alert about market shifts, recognizing the significance of self-custody, and solidifying your holdings now may very well be the key to remaining among the elite wealth holders in the cryptocurrency space.
