Here’s the XRP Price Where the Top 5% of Holders Could Get Rich

If the XRP price appreciates by just 257% from its current position, this development can make at least the top 5% of XRP holders rich.

XRP has been on a rampage since the November 2024 U.S. presidential elections, in which Donald Trump emerged victorious. From a price of around $0.50, XRP skyrocketed to a peak of $3.39. This marked a massive 520% gain within a month, positioning XRP as the biggest gainer among the top assets on the Trump-led rally.

XRP Wallets Increase

Amid this run, network onboarding has skyrocketed as new investors attempt to jump on the moving train. Data from an XRP Rich List platform confirms that XRP had about 5.36 million wallets by late October 2024. 

Interestingly, this figure has now increased to 5.917 million, closing in on the 6 million mark. This indicates that XRP welcomed over 557,000 new addresses within three months, representing an average of 6,188 new wallets each day since late October 2024.

However, of the 5.917 million wallets, only a handful hold substantial amounts of XRP. Further on-chain data reveals that the top 10 XRP addresses, which amount to 519,711 wallets, hold balances that are equal to or greater than 2,578 tokens, currently worth $7,295. At the same time, the top 5% holders hold 9,679 XRP.

An XRP Price of $10

If this minimum figure remains fairly stable, an XRP price surge to greater levels could make all addresses within the top 10 tier rich. Notably, amid its bullish tendencies, several analysts have made ambitious XRP price projections, including a $10 target.

Last November, XRPHealthcare’s Edoardo Farina noted that he believes a $10 XRP price is feasible, highlighting ten factors that could trigger it. Market analyst Maelius also projected the $10 price for XRP in a recent analysis this month. At the current price of $3.10, XRP would only need a 257% uptrend to reach $10.

Should this materialize, the minimum balance of the top 10 XRP holders, amounting to 2,578 tokens, would increase to $25,780. Meanwhile, the lowest balance for the top 5%, about 9,679 XRP, would rise to $96,790. Further, the minimum balance of the top 1%, which now sits at 55,728 tokens, could increase to $557,280.

Looking above, the minimum balances of the top 0.5%, 0.2%, 0.1%, and 0.01%, respectively, amount to 101,467 XRP, 217,594 XRP, 401,014 XRP, and 6,625,111. If XRP hits $10, these balances will increase to $1,014,670, $2,175,940, $4,010,140, and $66,251,110, respectively.

It bears mentioning that the lowest balance for each tier of holders continues to decrease as XRP price appreciates, lowering the minimum balance. This is due to gradual sales carried out by investors as the XRP price soars amid a profit-taking campaign. For instance, the minimum balance of the top 10% stood at 3,011 XRP about six months ago.