Holding More Than 2,600 XRP is Important, Here is Why
As of January 2025, the XRP community is experiencing notable changes in holder demographics and wallet rankings. In a recent post on X, crypto expert, Edo Farina, highlighted how holding more than 2,600 XRP now places investors in the top 10% of all XRP wallets.
This threshold has decreased from 3,300 XRP in June 2024, reflecting shifts in ownership patterns as XRP's price continues to rise. The reduction in the required amount to join the top 10% correlates with the XRP price surge from $0.50 to $2.40.
As prices increase, fewer XRP units are needed to achieve top wallet status. However, this trend also indicates that the number of dedicated holders is decreasing. Estimates suggest that by the time XRP reaches $100, only a few thousand committed holders will remain, many of whom practice self-custody.
The Significance of Rising Prices on Wallet Rankings
Farina also noted that the rapidly growing price puts pressure on new waves of investors who can no longer buy large amounts of XRP. To be among the top 1% of holders, it now requires 58,399 XRP, highlighting the importance of early investment and a long holding period as critical factors.
Despite being a sizable portion of the equity market, casual investors are notorious for panicking during an upturn, dumping their stakes in anticipation of a correction that may never happen, potentially locking themselves out of the market forever.
The Importance of Self-Custody
Self-custody is a significant strategy for committed traders; globally, the industry approximates that only 20 million out of the 500 million users exercise self-custody. Within the XRP community, approximately 500,000 holders manage their wallets.
Investors who store their XRPs on different exchange platforms are always at the mercy of events that may occur in the market or harm their assets. By maintaining control over their XRP through self-custody, investors ensure they are not at the mercy of third-party platforms.
This practice becomes increasingly important as the number of holders dwindles, and the value of XRP rises. Holding more than 2,600 XRP and managing it securely positions investors to benefit from long-term market trends.
Conclusion
Holding over 2,600 XRP places investors in an elite group and prepares them for future market developments. As XRP's price climbs, securing a top wallet position becomes more difficult.
Embracing self-custody and understanding the dynamics of XRP ownership are essential steps for those looking to maintain their standing in the evolving cryptocurrency landscape.
This post first appeared on 36crypto.com News.
#Xrp🔥🔥 #Ripple💰 #USJoblessClaimsDrop
This threshold has decreased from 3,300 XRP in June 2024, reflecting shifts in ownership patterns as XRP's price continues to rise. The reduction in the required amount to join the top 10% correlates with the XRP price surge from $0.50 to $2.40.
As prices increase, fewer XRP units are needed to achieve top wallet status. However, this trend also indicates that the number of dedicated holders is decreasing. Estimates suggest that by the time XRP reaches $100, only a few thousand committed holders will remain, many of whom practice self-custody.
The Significance of Rising Prices on Wallet Rankings
Farina also noted that the rapidly growing price puts pressure on new waves of investors who can no longer buy large amounts of XRP. To be among the top 1% of holders, it now requires 58,399 XRP, highlighting the importance of early investment and a long holding period as critical factors.
Despite being a sizable portion of the equity market, casual investors are notorious for panicking during an upturn, dumping their stakes in anticipation of a correction that may never happen, potentially locking themselves out of the market forever.
The Importance of Self-Custody
Self-custody is a significant strategy for committed traders; globally, the industry approximates that only 20 million out of the 500 million users exercise self-custody. Within the XRP community, approximately 500,000 holders manage their wallets.
Investors who store their XRPs on different exchange platforms are always at the mercy of events that may occur in the market or harm their assets. By maintaining control over their XRP through self-custody, investors ensure they are not at the mercy of third-party platforms.
This practice becomes increasingly important as the number of holders dwindles, and the value of XRP rises. Holding more than 2,600 XRP and managing it securely positions investors to benefit from long-term market trends.
Conclusion
Holding over 2,600 XRP places investors in an elite group and prepares them for future market developments. As XRP's price climbs, securing a top wallet position becomes more difficult.
Embracing self-custody and understanding the dynamics of XRP ownership are essential steps for those looking to maintain their standing in the evolving cryptocurrency landscape.
This post first appeared on 36crypto.com News.
#Xrp🔥🔥 #Ripple💰 #USJoblessClaimsDrop
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