As XRP shows bullish signs, we recently assessed how much the top addresses on the XRP Rich List would make at a certain price milestone.
Notably, the crypto market is showing signs of strength, and XRP is already riding this push. Remarkably, XRP has outperformed every crypto asset within the top 10 list over the past day, including market leaders Bitcoin (BTC) and Ethereum (ETH).
XRP Sees Increasing Market Participation Amid Recent Run
For context, XRP is up 7.62% in the last 24 hours. In contrast, Bitcoin has only gained 0.28% within the same period despite reaching new all-time highs. Also, Ethereum is down 1.29%, while Solana (SOL) has dropped 1.73% and Dogecoin (DOGE) has gained 1.20% within this timeframe.
Amid XRP’s impressive performance, the XRP market is welcoming new entrants, as investors push to ride on the ongoing momentum. Notably, data from the XRP Rich List shows a trend of growing accumulation among market participants.
For instance, a previous report from The Crypto Basic showed that addresses in the top amounted to 663,301 as of July 6. Today, there are now 664,484 addresses in the top 10. Also, the top 5 increased from 331,651 then to the current figure of 332,242, while wallets in the top 1% increased from 66,330 to 66,448.
Projections of an XRP Run to $10
This consistent increase across several tiers of addresses comes as investors expect XRP to sustain its run to higher prices. Interestingly, amid multiple predictions, the $10 price target has emerged consistently, representing a 259% increase from the current price.
Last month, analyst EGRAG leveraged multiple Indicators to suggest XRP could be on the verge of a rally to $10. He highlighted the $2.65 level as a breakout signal. Today, XRP has breached this mark, setting up for the run. Also, market watcher CryptoBull argued that critics would come back when XRP reaches the $10 price region.
Minimum Holdings of the Top 10%, 5% and 1% on XRP Rich List if XRP Hits $10
Should this price target materialize in this bull run, investors at the top of the XRP Rich list could see impressive gains. For context, the 664,484 accounts on the top 10% each hold a minimum balance of 2,487 XRP. Collectively, they have a minimum balance of 1.652 billion XRP worth $4.594 billion. If XRP hits $10, their collective minimum balance will reach $16.52 billion.
Meanwhile, the 331,651 accounts on the top 5 XRP Rich List each hold at least 8,752 XRP. Collectively, they all hold at least 2.9 billion XRP, currently worth a little over $8 billion. At an XRP price of $10, these addresses will collectively own a minimum of $29 billion worth of XRP. However, each will have at least $87,520.
Now, for the top 1%, the 66,448 addresses in this tier each hold a minimum of 50,606 XRP, now worth $140,684. These addresses collectively hold at least 3.362 billion XRP. Should XRP hit $10, their cumulative balance will reach at least $33.62 billion. Meanwhile, each of them will hold a minimum of $506,060.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
