The latest data on the XRP Rich List has once again become a topic of discussion in the community as it reveals the exact amount of XRP needed to ascend to the ranks of the wealthiest holders.
Shared by cryptocurrency analyst 'Good Morning Crypto' and later confirmed by the community platform rich-list.info, showing a surprising trend: entering the top 10% of XRP holders is now easier than just a few weeks ago.
How Much XRP Do You Need to Enter the Top 10%?
As of now, holding 2,396.7 XRP is enough to place you in the top 10% of cryptocurrency wallets. With the current price of around $3 per token, this amount is equivalent to about $7,190.
For comparison, earlier this month, the required threshold was 2,433 XRP. This means that the actual input requirement has decreased by 32 XRP, even though the number of wallets in this category has increased by nearly 11,000 to 690,984.
Move Upwards
To climb to a higher tier, the top 5% of holders currently need around 8,370 XRP (approximately $25,110), slightly down from early August when this number was 8,517 XRP.
To enter the top 1%, a holder needs 50,025 XRP (approximately $150,075). The top 0.1% ultra-exclusive tier requires 350,492 XRP, worth over $1 million at current prices. However, the distribution of XRP primarily to individual investors makes its rich list more accessible compared to coins dominated by a few whales.
What Does This Mean for XRP's Price?
The change in this list comes as XRP's price remains in a tight consolidation phase. The daily chart shows XRP consolidating around $3.01, with the Bollinger Bands narrowing between $2.81 and $3.30, signaling an impending volatility breakout.
The Relative Strength Index (RSI) is at 49.3, indicating a neutral zone with no overbought or oversold conditions. Meanwhile, the MACD line is moving sideways near the 0 level, indicating hesitation but potential for strong volatility as upward momentum builds.
Accumulation/distribution data continues to show a steady inflow of capital, reflecting fundamental investor interest even during the consolidation process.
If XRP confirms a bullish breakout, the immediate resistance level is at $3.30, followed by stronger targets near $4. On the downside, the support level is at $2.81, and if this level cannot be held, the price could drop to $2.50.
