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The First Cardano Target from This Structure Is a 100% Rally: Analyst

Elendu Benedict
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The First Cardano Target from This Structure Is a 100% Rally: Analyst

Upward momentum is building for Cardano, and an analyst has shared the possible target if the current bullish structure matures.

Cardano (ADA) is back above $0.43, mirroring a broader crypto market recovery. The 10th largest cryptocurrency by market cap is up 2.43% in the past 24 hours, setting the pace for its first weekly bullish close in five weeks.

Support Holds Strong 

Market watcher MMB Trader recently acknowledged this bullish development for Cardano, particularly as it holds a key support area. The TradingView analysis highlighted that ADA has shown incredible strength around the $0.40 support area, building the case for an impulsive northward drive.

After hitting a low of $0.38 last week, the cryptocurrency quickly rebounded to close above the key support level. ADA consolidated around this area before its recent rebound to trade at $0.435 at press time. The move, accompanied by growing volume, suggests the coin is preparing for higher prices.

Meanwhile, the ADA price prediction builds on his earlier commentary, in which he highlighted that Cardano was trading below a multi-year descending trendline. After a rejection from the resistance neckline in August’s $1.020 peak, the coin seems headed to a crucial weekly support around $0.330.

Cardano Analysis/MMB Trader
Cardano Analysis/MMB Trader

Rebound to Drive Cardano Much Higher

Nonetheless, MMB Trader noted that the $0.40 support has held and could serve as a potential accumulation point for a good portfolio upside when prices start to recover. Furthermore, he highlighted targets for ADA if momentum turns bullish from the current levels.

His first target is a retest of the descending resistance trendline at $0.819. He highlighted that it marked a 100% price rally at the time of his analysis. However, recent rebound efforts have slashed the upside to 88% at the time of writing.

If Cardano defies the multi-year resistance trendline, MMB Trader predicted a further increase to $1.390. This slightly trumps its December 2024 high of $1.32, representing a 219% growth from the current trading point.

Meanwhile, other analysts are also predicting an ADA recovery above $1.30. Arman Shaban predicted a surge to $1.33, highlighting the key levels the altcoin must hold to trigger it. BullStar also called a move to $1.30, citing a technical breakout from a descending trendline.

Bitwise CIO Says XRP Is Getting Much Better at Capturing Value for Holders

Lele Jima
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Bitwise CIO Says XRP Is Getting Much Better at Capturing Value for Holders

Bitwise CIO Matt Hougan says XRP is entering a new phase of evolution as it aligns with a broader industry shift toward stronger value-capture mechanisms.

In a detailed thread on X, Hougan argued that investors are overlooking some of crypto’s most meaningful developments amid volatility. He pointed out that many leading networks are actively improving how they capture value for holders—a trend he believes now includes XRP.

The Bitwise CIO pointed out that the XRP community is now discussing staking mechanisms, a development that would fundamentally reshape how value accrues to XRP holders.

XRP Community Now Explores Native Staking

Despite being more than a decade old, the XRP Ledger (XRPL) still does not support native staking. Notably, staking is a feature of Proof-of-Stake (PoS) networks.

Instead, XRPL uses its own consensus mechanism, the XRP Ledger Consensus Protocol (XLCP), which relies on trusted validators rather than token-holder staking. In other words, the network was not originally designed to reward holders for securing the network.

As a result, XRPL has lagged behind newer blockchains in tapping into the expanding opportunities of decentralized finance (DeFi). However, that dynamic is shifting. In recent weeks, the XRP community has actively explored the possibility of bringing native staking to the ledger.

The discussion gained traction after Ayo Akinyele, head of engineering at Ripple’s development arm, RippleX, raised the topic in an X thread. He noted how XRP has evolved beyond simple value transfer to powering tokenized asset settlement and real-time liquidity across multiple markets.

Akinyele argued that the introduction of XRP ETFs signals a new era for the asset—one that justifies revisiting XRPL’s economic model. He revealed that he and Ripple CTO David Schwartz have been evaluating what native staking on XRPL might look like.

Since transaction fees on XRPL are burned rather than paid to participants, Akinyele emphasized the need to establish a sustainable source of staking rewards and a fair mechanism for distributing them across the network.

Notably, Ripple CEO Brad Garlinghouse encouraged the community to participate in discussions that could introduce native staking on XRPL.

XRP Value Capture Evolving, Not Static

The community’s renewed interest shows a desire for ways to capture more value from XRP. This matches the trend Hougan mentioned, that token value capture is changing and evolving.

As discussions around native staking on XRPL continue, several XRP-focused DeFi initiatives have already emerged to offer holders yield-generating opportunities.

One notable example is FAssets, a project from Flare Network. Through this system, XRP holders can stake their tokens on the Flare blockchain to mint FXRP, which can then be deployed across various DeFi platforms to earn yield.

Meanwhile, Bitwise’s recently launched XRP spot ETF has continued to gain traction on NYSE Arca. The fund currently has $163.11 million in net inflows and holds $178.83 million in AUM, representing approximately 80.5 million XRP.

Expert Shares Why XRP Cannot Reach $100 by Year-End

Mark Brennan
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Expert Shares Why XRP Cannot Reach $100 by Year-End

Optimism surrounding the launch and success of spot XRP ETFs has brought the long-standing XRP to $100 discussion back into the community.

For context, since Nov. 13, the four spot XRP ETFs have pulled in $644 million, and this surge has encouraged a new wave of bullish predictions. However, XRP still trades about 11.79% lower this month, as it continues to fight for control around the $2.2 level.

Despite the cautious market conditions, several community figures have pushed the argument for a massive XRP rally. Jake Claver, CEO of Digital Ascension Group, is one such market commentator. 

DAG CEO 99% Confident XRP Would Hit $100 by Year-end

In a recent live session, he told viewers that he expects XRP to surprise many people soon. He claimed that the ETFs have already started consuming a significant amount of liquidity from over-the-counter desks and dark pool markets. 

Claver argued that this rapid drawdown may have wiped out half, or nearly all, of the remaining OTC supply and could force ETFs to turn to regular exchanges for fresh liquidity. To him, this development would lead to sharp price swings.

He noted that XRP already showed some small price movement earlier that day and predicted far stronger moves once OTC supply dries up. 

Speaking further, Claver brought up his “domino theory,” which he explained in several earlier videos, and placed the odds of XRP hitting $100 this year at 97%, while personally leaning toward 99.99%. 

However, he stressed that he only shared his personal opinion and encouraged viewers to do their own research and speak with financial professionals before making investment decisions.

Community Pushback

Nonetheless, not everyone agrees with this bullish outlook. Zach Humphries, host of the Crypto Breakfast Club, rejected the idea, noting that he supports XRP and believes in its long-term potential, but he sees the year-end $100 target as unrealistic. Humphries argued that some people use these predictions to exploit those who struggle with basic math. 

He explained that XRP would need to reach a $6 trillion market cap, a 43x jump from current levels, to trade at $100. He also pointed out that the entire crypto market is only worth $3 trillion, with 35 days left in the year, which makes the prediction impossible in his view.

In response, one investor revealed that while he disagrees with the $100 call, he also believes market cap is the wrong way to measure the argument. Meanwhile, well-known analyst Chart Nerd backed Humphries. Chart Nerd called the $100 target unreasonable. “Sounds stupid even having to say such a thing,” he added.

What Does an XRP to $100 Run Mean?

For perspective, XRP would become the second-largest asset in the world if it hit $100, overtaking NVIDIA, which currently holds a $4.381 trillion market cap. With this, an investor who currently owns $10,000 worth of XRP, equal to 4,484 tokens, would watch that balance climb to more than $448,000, gaining over $438,000. 

Notably, data from the XRP rich list shows that more than 500,000 wallets hold at least 5,000 XRP, and each would earn a minimum of $438,000 if XRP reached the $100 price level.

Cardano Founder Says There Will Always Be a Zero-Day Exploit Amid Chain Split

Elendu Benedict
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Cardano Founder Says There Will Always Be a Zero-Day Exploit Amid Chain Split

Charles Hoskinson, the founder of Cardano and IOG, believes that downtimes and code bugs are inevitable for blockchains, including Cardano.

He shared this in his “Code Is Law” podcast a few days back, amid the recent Cardano network chain split. For context, the November 21 event exposed a vulnerability on the chain, and Hoskinson believes such happenings are somewhat unavoidable.

This is Software: Hoskinson

The Cardano founder highlighted that blockchain technology runs on a set of engineered software. Owing to that, there will always be code bugs or “zero-day exploits” from bad actors at some point.

For some, it would take a short time to exploit their vulnerability, while for others it might take longer. Notably, Cardano launched on mainnet in September 2017, and it took over 8 years before a major compromise occurred on the network. According to Hoskinson, it is a sign that Cardano is “super good at what we do.”

Despite this, the IOG founder emphasized that allowing bad actors responsible for such detrimental actions to go free should not be an option. He noted that Cardano has SPOs and other stakeholders who derive their livelihood from it.

As such, “you cannot tell me it is the intent of the system to allow people to come in and arbitrarily and capriciously disrupt the entire system.” He added that condoning this could disrupt the livelihood of those tied to Cardano.

Meanwhile, Hoskinson had already disclosed FBI involvement, a move that has stirred a backlash from a faction of the community. Notably, the SPO who triggered the years-old bug had already publicly apologized for his actions.

Cardano Still a High-Integrity System

For the uninitiated, the chain split divided Cardano into the “poisoned” and “healthy” networks, yet there was no downtime as new blocks were still produced. However, this caused major exchanges to halt ADA deposits and withdrawals to mitigate the impact on users.

The way Cardano and its engineering team handled the event drew accolades from Hoskinson despite his rage. He shared in a separate podcast that Cardano’s quick recovery from the bug is a testament to its exceptional qualities.

He called Cardano a high-integrity network and lauded the incredible engineering of its developers, who quickly swung into action to avert further disruptions. Meanwhile, ADA price has recovered from the attack’s mild impact, rallying 2.4% to trade at $0.43 at the time of writing.

Pundit Says No Scenario Can Avoid XRP From a Major Price Surge: Here’s Why

Albert Brown
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Pundit Says No Scenario Can Avoid XRP From a Major Price Surge: Here’s Why

An XRP community figure has renewed arguments for a sharp upward move in XRP price, citing Bitcoin ETF history and new accumulation trends.

This commentary came from Chad Steingraber, a game designer and a familiar voice in the XRP community who has persistently tracked ETF trends. He leveraged data surrounding Bitcoin ETF inflows and used them to explain why he believes XRP could face similar buying pressure once its ETF market grows.

What if XRP ETFs Also Record Billion-Dollar Intraday Inflows?

For context, Steingraber pointed out that Bitcoin ETFs saw several days with more than $1B in inflows. Specifically, the first billion-dollar day came on March 12, 2024, when Bitcoin ETFs attracted $1.05B in intraday inflows. 

Interestingly, the funds later saw $1.38B on Nov. 7, 2024, and $1.11B on Nov. 11, 2024. Another $1B followed on Nov. 21, 2024, and $1.08B came in on Jan. 17, 2025. Meanwhile, the streak continued with $1.18B and $1.03B on July 10, 2025, and July 11, 2025. The most recent incident occurred on Oct. 6, when inflows reached $1.21B.

Citing this data, Steingraber argued that XRP ETFs could experience a similar pattern once they scale. Considering an XRP price of around $2.25, he presented a scenario using 12 funds and a steady $1B in daily inflows. 

The market pundit calculated that each fund would take in about $83,333,333 on day one, then $166,666,666 per fund on day two as inflows reach $2B. He then continued with $248,999,999 per fund on day three, $333,333,332 on day four, and $416,666,665 on day five as inflows hit $5B. 

From this, he estimated that each fund would accumulate about 185,185,184 XRP over 5 days, which adds up to roughly 2.22 million XRP across all 12 funds. According to him, this level of demand leaves no room for XRP to stay at low valuations. “There is no scenario that allows XRP to NOT be a high price,” Steingraber said.

Impact of 10M XRP Accumulated Per ETF

The market commentator has held this sentiment since the first ETF launched, using multiple evaluations to prove his point. In another disclosure, he pointed out that Bitwise and Canary Capital collected about 10M XRP on Nov. 24. 

Using this as a reference point, Steingraber described what could happen when more firms enter the space. He suggested that the market could grow to 15 major issuers, especially if companies like BlackRock and VanEck launch their own XRP products. 

Leveraging an assumed average XRP price of $2.20 and 10M XRP in daily activity per fund, he estimated 150M XRP per day across 15 funds, 750M XRP in a 5-day week, 3B XRP in a month, 36B XRP in a year, and 72B XRP in 2 years. Looking at these, Steingraber said only a much higher price could slow down that level of accumulation.

However, it is important to note that the pundit’s calculations are all based on assumptions that may not play out as expected, so investors should not regard this as investment advice. 

For instance, his models depend on the idea that the current four spot XRP ETFs will expand to 12 or even 15, even though only 2 more sit in the approval queue. He also built his outlook on constant inflows and did not factor in outflows, which remains unsustainable.

$38 Million in Crypto Drained After Upbit Solana Breach

Zabi
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0
$38 Million in Crypto Drained After Upbit Solana Breach

South Korea’s largest crypto exchange, Upbit, has confirmed a major security breach on the Solana network, resulting in the siphoning of about $38 million in digital assets.

The incident began when Upbit noticed irregular withdrawal behavior at around 4:42 a.m. KST on November 27. During this window, several Solana-based assets, including SOL, USDC, BONK, TRUMP, and smaller tokens, were moved to an unauthorized external wallet. 

Upbit described the pattern as an “abnormal withdrawal,” prompting immediate internal alerts.

Swift Actions

In response, Dunamu CEO Oh Kyung-seok explained that the exchange suspended deposits and withdrawals as soon as the anomaly surfaced. This swift action, in turn, allowed the team to prevent further unauthorized activity.

To further safeguard user funds, Upbit transferred all assets to cold wallets, creating a secure buffer against additional movement. Subsequently, the company initiated a systemwide review to pinpoint vulnerabilities in the affected infrastructure.

Following this review, Upbit confirmed the full-scale outflow and stated that it will absorb the financial impact using its own holdings.

Meanwhile, Upbit has already frozen approximately $8.20 million in stolen tokens through on-chain monitoring. Furthermore, work is ongoing with partner projects to track and block the remaining assets as investigators trace their path across the network.

Regulators Expected to Join Investigation

As recovery efforts expand, Upbit expects law enforcement and regulators to participate in the investigation. The exchange has committed to supplying all necessary data to support official inquiries.

To further reduce risk, Upbit has initiated a comprehensive inspection of its entire deposit and withdrawal system. This audit goes beyond Solana-related components and aims to confirm the overall stability of its digital asset operations. Services will reopen gradually once these checks are complete.

Incident Recalls Upbit’s 2019 Breach

The latest breach also echoes a major attack on Upbit that occurred on the same date six years earlier. In 2019, hackers stole 342,000 ETH, worth about $41.5 million at the time. South Korean authorities later linked the theft to North Korean actors.

That stolen Ethereum has since grown to exceed $1 billion, making it one of the most significant crypto heists linked to North Korea. The parallel in timing adds extra scrutiny to the current case.

Security Crisis Emerges Amid Corporate Merger Talks

Notably, this security incident unfolds as Upbit’s parent company, Dunamu, faces a critical corporate moment. Reports suggest that Naver, one of South Korea’s leading internet firms, is pursuing a multibillion-dollar stock-swap merger to acquire Dunamu.

The proposal, discussed at the board meeting on 26 November, could influence Upbit’s path toward a future Nasdaq listing. The breach adds new pressure to these talks as stakeholders assess both operational risks and long-term growth plans.

Analysts Identify Critical XRP Levels to Watch for the Next Breakout

Sam Wisdom Raphael
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Analysts Identify Critical XRP Levels to Watch for the Next Breakout

Market analysts have identified critical XRP levels investors should watch out for, which would determine the next price direction.

Notably, XRP has entered a new consolidation phase after jumping 13.79% between Nov. 23 and Nov. 24 in a move that reversed the earlier 11-day drop that pushed the price to $1.81 on Nov. 21.

Despite gaining over 1% yesterday, it continues to trade in a tight band between $2.14 and $2.27 as traders wait for signs of its next breakout attempt.

Why the Current Third Wave is Crucial

Amid the uncertainty, the analyst behind the More Crypto Online channel recently analyzed XRP’s short-term chart and presented several price levels that could set the tone for what comes next. The market watcher explained that XRP may be forming a possible five-wave pattern to the upside, but he stressed that the structure remains incomplete. 

According to him, the waves do not yet show the typical proportions of a clean impulse because the third wave has not clearly established itself as the strongest leg. He noted that the pattern would look more convincing if XRP pushes out one more high.

The analyst further highlighted that many attempted reversals in this cycle have failed after only three waves, which makes the current area especially important. He said he still has not seen proof that wave 4 has reached a bottom. 

XRP 30m Chart More Crypto Online
XRP 30m Chart | More Crypto Online

Critical XRP Support Range

He called attention to a major support area between $2.07, which lines up with the 50% Fibonacci retracement, and $2.18, which matches the 23.6% retracement. The market commentator believes XRP must hold this zone to keep alive any chance of forming a fifth wave higher.

He warned that a break below $2.07 would weaken the bullish setup and increase the likelihood of a drop back to the Nov. 21 low around $1.81. He added that XRP could even revisit the lower support area around $1.77, which aligns with the 78.6% retracement.

From an Elliott Wave perspective, he said the current bounce remains too small to confirm a trend reversal, especially since the broader correction started on Oct. 13. He noted that traders usually gain confidence only when the market prints a clear one-two wave structure after a correction. Without that structure, he believes short-term trades carry more uncertainty.

The analyst also identified $2.12, the 38.2% retracement, as the ideal support for wave 4 and said he expects a reaction at that level. When the market fails to respond there, he sees it as a sign that the trend has topped, which can lead either to a deeper low or a more complex pattern. 

He added that many traders avoid fifth-wave trades because the risk-to-reward ratio tends to shrink, and breakouts above the third-wave high often produce only a slight new high before the market turns lower.

XRP Still Hasn’t Held the Monthly rVWAP

Meanwhile, in a separate commentary, analyst Dom noted that XRP has not changed much recently, confirming that he now watches the monthly rVWAP, which XRP has failed to hold for almost 2 months. Dom expects a recovery above this level to pull the price back into the $2.40 range and improve the long-term picture. 

XRP 1M rVWAP Dom
XRP 1M rVWAP | Dom

Speaking further, he noted that the order books look clear, suggesting that whichever side stays aggressive at current prices will likely control momentum. According to Dom, any move below $2 would signal that XRP’s year-long range might be ending.

Hoskinson Shows Final Deployment of Midnight’s Token as a Cardano-Native Asset

Lele Jima
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Hoskinson Shows Final Deployment of Midnight’s Token as a Cardano-Native Asset

Charles Hoskinson, the founder of the Cardano research and development firm IOG, has congratulated the Midnight team on deploying NIGHT as a Cardano-native asset. 

In an X post, Hoskinson congratulated the Midnight Foundation and Shielded Technologies for successfully deploying NIGHT, the native token of privacy-focused blockchain Midnight, as a native asset on the Cardano blockchain. 

 

Final Version of NIGHT Minted 

Hoskinson’s message comes shortly after the Midnight Foundation released an essential update on the token generation event (TGE) for NIGHT. The team confirmed that the TGE has now minted the final version of NIGHT. This marks an essential step ahead of December’s official token launch and the upcoming Glacier Drop Redemption period.

Notably, the last action follows the initial minting conducted last month, during which 24 billion NIGHT tokens were created on the Cardano mainnet at block height 12,517,624. The transaction cost roughly 0.8 ADA ($0.5) at the time. This week’s mint finalizes the asset and prepares the network for the next phase of rollout.

With the finalized NIGHT token now live on Cardano, it is already visible on blockchain explorers such as AdaStat, allowing users to verify the asset’s on-chain presence ahead of broader ecosystem integration. 

Data from AdaStat shows that the final NIGHT mint event took place at block height 12,696,233 on November 25. 

NIGHT deployment on Cardano
NIGHT deployment on Cardano

Official Launch Imminent 

Currently, the entire 24 billion NIGHT supply remains consolidated in a single blockchain address as preparations continue for the official launch on December 8, 2025. 

According to the Midnight team, both the token redemption and initial exchange listings will occur on launch day.

Regardless of the total amount of NIGHT a user has claimed, only 25% of their allocation will be redeemable at launch. The remaining tokens will be distributed over the next 12 months in four events, ensuring a gradual, controlled distribution schedule. 

Meanwhile, both the Glacier Drop and the Scavenger Mine phases have been completed. The team has yet to begin the final claim stage, known as Lost and Found. This event will allow participants who missed the Glacier Drop to recover a portion of their original allocation. 

Next Phases After Launch 

Following the official NIGHT launch next month, the Midnight team will introduce a federated mainnet operated by IOG and selected corporate partners. Developers currently building on the Midnight testnet will be able to deploy their applications directly onto this federated mainnet.

Afterward, the team will launch an incentivized testnet for stake pool operators (SPOs). This phase will enable SPOs to test network performance and readiness ahead of Midnight’s eventual transition to a fully decentralized, public mainnet. 

Here Is XRP Price If It Helps Bank the Unbanked Across the Globe

Sam Wisdom Raphael
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Here Is XRP Price If It Helps Bank the Unbanked Across the Globe

Many XRP proponents believe Ripple and XRP could help expand financial access for people who don’t have access to traditional banks.

They look at the project as a way to make financial services cheaper and easier to reach. Interestingly, if Ripple succeeds on a large scale, XRP’s adoption could soar, and its price could follow.

For context, the World Bank’s Global Findex Database 2025 reports that about 1.3 billion adults around the world still live without access to a bank account or mobile money service. That means roughly one in five adults remains unbanked despite improvements in account ownership.

More than 650 million of these unbanked people live in just eight countries: Bangladesh, China, Egypt, India, Indonesia, Mexico, Nigeria, and Pakistan. Also, 52% come from the poorest 40% of households. These metrics show how large the opportunity is to connect underserved communities to affordable financial tools.

How Ripple and XRP Could Help the Unbanked Population

Ripple’s On-Demand Liquidity (ODL) service, powered by the XRP Ledger (XRPL), could make this possible. For context, ODL lets banks and payment providers move money across borders instantly and at very low cost, without having to keep pre-funded accounts in other countries. 

This solves the major problem of slow, expensive remittances and limited access to formal financial systems for the world’s unbanked population. 

Ripple’s system also helps reduce the high cost of sending money abroad. According to the World Bank, traditional remittances cost an average of 6.4%, and some transfer routes charge as much as 10% to 20%. 

With the use of ODL, Ripple cuts foreign exchange costs by 40% to 70% and overall settlement costs by as much as 60%. Moreover, what used to take days through networks like SWIFT can now finish in just three to five seconds.

Notably, lower fees make small transfers more affordable for migrant workers who send money home, especially in countries like India, Nigeria, and the Philippines, regions that together account for more than 650 million unbanked people. 

Ripple Partnerships

RippleNet also connects directly with mobile money and digital wallet platforms, which are already popular in places like Sub-Saharan Africa, where 40% of adults use mobile money. 

Ripple’s partnerships with companies like Thunes, which provides access to over seven billion mobile wallets through services such as M-Pesa, Airtel, and MTN, and with Flutterwave, make it possible to send funds directly to people without bank accounts.

Some examples already show how Ripple’s technology makes a real difference. In Japan, Ripple partner SBI Remit uses ODL to power instant remittances from Japan to the Philippines and Thailand through Coins.ph. 

XRP Price if It Helps Bank the Unbanked

If this vision expands, greater adoption could positively impact the XRP price. At the moment, XRP trades around $2.21, with about 60 billion tokens in circulation. However, how high the price could go remains uncertain.

To explore this, we asked Google Gemini for an analysis. The chatbot described it as a “thought experiment” that depends on optimistic assumptions about adoption, regulation, and market behavior. 

Gemini imagined an “everything goes right” scenario where the XRPL becomes the main global infrastructure for financial inclusion, serving half of the world’s unbanked, about 650 million new users.

Hypothetical Scenario from Google Gemini
Hypothetical Scenario from Google Gemini

In this scenario, XRP would act as the main bridge asset for most cross-border payments and microtransactions. Financial institutions and payment providers would hold large XRP reserves to maintain liquidity. 

If this level of adoption led to a $10 trillion market cap, similar to the world’s largest financial entities, Gemini estimated that XRP’s price could reach around $166.67 per token, based on its 60 billion circulating supply.

XRP Price Prediction Google Gemini
XRP Price Prediction | Google Gemini

If You Are in Top 10%, 5%, and 1% on XRP Rich List, Here’s What You Would Make if XRP Hits $10

Albert Brown
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0
If You Are in Top 10%, 5%, and 1% on XRP Rich List, Here’s What You Would Make if XRP Hits $10

If XRP claims the $10 price, such a move would have a massive impact on investors with the top 10%, 5% and 1% balances on the XRP rich list.

While XRP has observed bearish pressure over the past few weeks due to broader market turbulence, investors and analysts alike remain confident in its long-term prospects. For instance, EGRAG Crypto has insisted that despite the recent declines, XRP has maintained a bullish structure on the 1-month timeframe.

The XRP to $10 Projections

Amid the bullish disposition, some have suggested that XRP may target $10 once a recovery push emerges. For instance, market analyst CryptoBull recalled how some critics argued that XRP could not surpass $0.5, $1, or even $2. He insisted that these critics would return once XRP eventually claims $10.

Interestingly, market commentator Zach Rector has also expressed confidence in XRP’s potential to hit a two-digit price. Last month, he suggested that the community could erupt into a riot once XRP reaches the $10 price level. 

Notably, this is largely true, as an XRP run to $10, representing a 336% increase from the current price of $2.21, would have a massive impact on the holdings of XRP investors. Specifically, those sitting among the top 10% up to the top 1% on the XRP rich list could witness some impressive gains.

How Much the Top 10%, 5% and 1% Will Make if XRP Hits $10

For context, the community-driven XRP rich list resource confirms that the addresses within this bracket have continued to increase as total XRPL wallets surge past the 7.2 million mark. 

In particular, there are now 723,457 addresses in the top 10% category, with each address holding at least 2,323 XRP. Meanwhile, for the top 5%, 361,729 addresses exist in this bracket, with balances of at least 8,067 XRP. Notably, the top 1% contains just 72,346 wallets, and each of them holds a minimum of 49,999 XRP.

XRP Rich List
XRP Rich List

With XRP currently changing hands at $2.21, investors in the top 10%, 5% and 1% respectively hold XRP tokens worth at least $5,319, $18,473, and $111,497. If XRP price rallies to the $10 level, the balance on the top 10% would surge to at least $23,230, while the top 5% would see an increase to a minimum of $80,067. Meanwhile, the top 1% will see their holdings spike to at least $499,990.

Essentially, in such a scenario, all addresses within the top 10% would make at least $17,911, with the ones among the top 5% seeing profits of at least $61,594. However, those sitting among the top 1% would make a minimum of $388,493. This shows how higher investments lead to greater profits. However, they also result in greater losses when things go sideways.

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