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Pundit Says XRP into Double-Digit Price Range Is No Longer a Meme

Abdulkarim Abdulwahab
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Pundit Says XRP into Double-Digit Price Range Is No Longer a Meme

Alex Cobb, a well-known XRP commentator, has suggested that double-digit price levels for XRP are no longer a meme or a far-fetched idea.

Instead, they have become a matter of firm conviction regarding their potential reality. XRP is currently trading above $3 and gaining momentum. About a year ago, it was trading below $1, specifically around $0.50. Then, calls for $10 or higher were often dismissed as fantasy or overly optimistic.

However, with recent price action, the idea of XRP entering the double-digit price range is gaining traction among traders, analysts, and long-term holders, especially with major catalysts aligning.

This perspective aligns closely with recent analysis from angel investor Dennis Liu (VirtualBacon), who outlined how XRP could realistically reach $10 in the current market cycle under favorable conditions.

XRP Fundamentals Are No Longer Just Hype but Real

Dennis Liu’s case for a double-digit XRP is rooted in fundamentals. He points to several major developments that have significantly altered XRP’s trajectory. 

Specifically, he cited that the SEC lawsuit has been resolved, XRP has been clarified as a digital asset rather than a security, and spot XRP ETF approvals are looking increasingly likely, with over 11 filings already submitted.

Moreover, Ripple has applied for a U.S. banking license, which could dramatically boost institutional trust and visibility for XRP. According to Liu, these developments are “not hopium,” but tangible signs that XRP is now operating within a supportive regulatory framework.

Market Structure and Momentum Are Supporting the Case

In addition, market dynamics are playing a role as well. Retail interest in XRP has spiked to the point of surpassing Bitcoin and Ethereum in global search volume. 

Liu noted that XRP is now the most-watched coin in the space, and its XRP/BTC ratio is beginning to rebound.

Image showing massive retail interest in XRP
Image showing massive retail interest in XRP

He initially forecasted a $5 XRP by August 2025, but explained that if Bitcoin reaches $140,000, a $10 price target for XRP is within reach. At that valuation, XRP would match the market caps of companies like Tencent and Netflix.

Still a Stretch, But No Longer a Joke

Notably, XRP only needs a 190% surge from today’s price of $3.45 to hit $10. For context, during its price run last November, the coin surged by nearly 600% in just 12 weeks.

Given that kind of explosive growth in a short time frame, many now see the journey toward double digits as increasingly plausible. Some analysts have even floated $20, $50, and $100 as potential peak prices for XRP this cycle.

While critics warn of inflated expectations, Cobb, Liu, and other influencers agree that $10 is no longer outlandish.

Essentially, what was considered a “meme price” last year is now supported by a combination of institutional adoption, ETF momentum, and Ripple’s strategic initiatives.

Expert Projects Dogecoin Path for a 218% Rally to $0.85

Elendu Benedict
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Expert Projects Dogecoin Path for a 218% Rally to $0.85

Dogecoin could rally another 218% from its current price, according to an analyst who highlights bullish developments on the weekly timeframe.

Dogecoin has shown strong upward momentum lately, and bullish expectations are emerging. The meme coin leader rallied an impressive 38% last week, posting its fourth consecutive weekly gain, during which it has grown 77%.

Dogecoin Breaks Above Major Resistance Trendline

Top analyst “MangoMan4” identified in a recent TradingView analysis that Dogecoin is forming a bullish structure on the weekly timeframe. This comes after DOGE broke out from a multi-month descending resistance trendline originating from a higher price rejection in February.

Meanwhile, an attempt to break free in May failed, with the supply wall proving too strong. This was evident in the three consecutive weeks of Dogecoin price surges to the resistance, all of which were followed by a massive price rejection.

Finally, DOGE broke out of the trendline and further defied another crucial resistance between $0.20 and $0.22. Following the breakout, the analyst predicts the formation of higher highs and higher lows, catalyzed by the momentum from months of price suppression.

Dogecoin Breakout MangoMan4
Dogecoin Breakout/MangoMan4

Key Levels for Sustained Dogecoin Rally

While Dogecoin has retreated slightly this week, the analyst still expects a foray to higher prices. He shared midterm and long-term targets for Dogecoin, as well as a crucial support level that DOGE must hold to sustain the uptrend.

For context, he identified the prices between $0.48 and $0.52 as the next resistance zone that Dogecoin would target. Interestingly, the lower target was last seen in December 2024’s peak, and the upper target in May 2021.

For his long-term price expectations, he projected a 180% and 218% upsurge to between $0.75 and $0.85. This suggests a retest of Dogecoin’s current all-time high of $0.748 and a rally to a new all-time high.

Nonetheless, this parabolic expansion depends on Dogecoin’s price action around the $0.20 support. The market watcher noted that if the horizontal support holds and Bitcoin remains stable, DOGE will see a strong bullish continuation.

Meanwhile, for some analysts, the $0.85 price is just the start. Trader Tardigrade predicted a price jump to $1.46 and $4, while CryptoELITES insists that $5 is the target that market enthusiasts should expect from Dogecoin.

Mexico’s Grupo Murano and U.S.-based Volcon Commit $1.5B+ to Bitcoin

Zabi
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Mexico’s Grupo Murano and U.S.-based Volcon Commit $1.5B+ to Bitcoin

Two publicly listed companies, Mexico’s Grupo Murano and U.S.-based Volcon, Inc., have disclosed substantial plans to incorporate Bitcoin into their financial operations.

This move reflects a broader trend of corporate interest in digital assets amid evolving regulatory frameworks.

Grupo Murano’s Bitcoin Treasury Strategy

Grupo Murano, a real estate firm that manages hotel and mixed-use developments in cities such as Cancun and Mexico City, plans to build a $10 billion Bitcoin treasury within five years. The initiative begins with an initial investment of approximately $1 billion.

CEO Elías Sacal stated that the company will fund the acquisition by refinancing existing assets and executing sale-leaseback transactions, allowing it to continue operating those properties.

The company also plans to introduce Bitcoin ATMs and enable BTC payments in its hotels, which include brands like Hyatt and Mondrian. 

Sacal emphasized Bitcoin’s potential for higher returns compared to traditional real estate, predicting a 300% price increase over five years.

Grupo Murano expects to allocate between 70% and 80% of its assets to Bitcoin. The remaining portion will be directed toward high-margin real estate projects.

According to the company, this dual strategy aims to optimize capital efficiency and manage financial risks in a high-interest-rate environment.

Volcon’s $500 Million Crypto Funding

Meanwhile, Nasdaq-listed Volcon, an electric powersports manufacturer, has also embraced Bitcoin with a transformative $500 million private funding round.

The company earmarked over 95% of this new capital for Bitcoin purchases. This positions it as one of the most aggressive adopters of a crypto treasury strategy in recent times.

The placement attracted participation from crypto-focused investment firms, including Pantera Capital, FalconX, Borderless, and Relayer Capital. It also drew interest from traditional financial investors and members of Volcon’s executive team.

As of now, Volcon holds more than 280 BTC on its books. This figure includes over 235 BTC accepted directly as a substitute for cash investments.

To facilitate its digital asset strategy, the company has signed a strategic partnership with Gemini, a digital asset platform founded by the Winklevoss twins. 

Looking ahead, Volcon plans to rebrand as Empery Digital, Inc., with its electric mobility division adopting the name Empery Mobility. The company’s ticker symbol will also be updated to EMPD.

Evolving US Crypto Regulations

These strategic moves come amid notable shifts in U.S. crypto policy. On Friday, President Trump signed legislation establishing a regulatory framework for stablecoins. This marks the first time digital asset regulations have been codified into U.S. law. A broader crypto market structure bill is also expected to move forward later this year.

While not industry leaders in Bitcoin adoption, both Grupo Murano and Volcon represent recent examples of companies adjusting their treasury strategies in response to digital asset opportunities and evolving regulations.

XRP Price Glitch Takes XRP to $5.59 on GateHub: What’s Happening?

Sam Wisdom Raphael
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XRP Price Glitch Takes XRP to $5.59 on GateHub: What’s Happening?

XRP price glitch recently spiked XRP above the $5 psychological level on the multi-currency XRPL-based crypto wallet GateHub.

Amid the recent XRP breakout, prices appear to have spiked beyond the current position, reaching unprecedented levels on GateHub, a leading crypto wallet built atop the XRP Ledger.

XRP Price Crosses $5 on GateHub

Notably, the team behind the XRPL-based Shockwave crypto app first called the XRP community’s attention to this anomalous development. Specifically, they pointed out that the XRP price surged to a new peak of above $5 on GateHub, sharing screenshots to back up the claim.

An independent check carried out by The Crypto Basic confirms this disclosure. Interestingly, data from GateHub’s XRP/USD chart indicates that XRP indeed spiked to a peak of $5.5969 on July 17. This strange surge occurred at 14:40 UTC, and within the minute, XRP price immediately dropped to its normal range.

Broader market data indicates that this event was isolated to GateHub alone. Notably, while XRP price did observe an impressive 14.64% increase on July 17, its largest intraday gain in over four months, the peak value across the market that day stood at $3.55, much lower than the $5.59 top on GateHub.

What Happened?

Such a price would have marked a new all-time high for XRP, representing a 57% increase from its normal price range. Essentially, this kind of price spike can happen in two main ways, especially on a low-liquidity exchange.

First, if someone places a large market buy order, the system will automatically match it with the best available sell orders. On a thin order book, that means the price can quickly climb, even reaching levels like $5.59, simply because there aren’t enough sellers at lower prices to meet the demand.

Also, a spike can occur if someone lists XRP for sale at a high price on the order book and another trader, either accidentally or without checking the current market, agrees to buy at that level. In both cases, the exchange records the trade at $5.59 when the trade occurred, even though the global price remained around $3.5.

Further investigation shows that the market conditions on GateHub align with this theory. For instance, data shows that, currently, there are only $183,578 in XRP buy orders and $143,898 in XRP sell orders. This pales in comparison to the billions in global volume that XRP typically commands.

Similar Event on Gemini 

Notably, while XRP has often observed cases of price glitch, especially on platforms like TradingView, the one case most similar to the recent GateHub event was what happened when U.S.-based crypto exchange Gemini listed XRP for the first time in August 2023. 

For context, after Gemini listed XRP on the back of the token’s victory in the U.S. SEC case, several traders rushed to the platform while liquidity was still low. This condition set the stage for rapid price spikes and massive declines on the platform, with XRP price surging to $50 at some point.

Here’s the Next Target for Shiba Inu After “Liquidity Masterclass”

Elendu Benedict
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Here’s the Next Target for Shiba Inu After “Liquidity Masterclass”

A top analyst has predicted the next price target for Shiba Inu following its recent bullish shift, spurred by a stop-loss cluster retest.

Tradersboat highlighted what he called a free masterclass in liquidity from Shiba Inu after a strong price rebound. Following the stop-loss hunting event and recent emergence of bullish momentum, he has shared the next price target for Shiba Inu around the $0.000025 region.

Notably, the outlook comes on the heels of Shiba Inu’s higher price pull, following a broader market uptrend. The prominent meme coin has increased by 16.5% in the past seven days and an impressive 32% since the start of July.

Shiba Inu Reversed Hard After Grabbing Liquidity

For context, Shiba Inu faked out in May when it rallied to a high of $0.00001504 but quickly lost momentum, dropping back to its local support around $0.00001020. Meanwhile, Tardersboat shared that the May rally saw SHIB retest a descending resistance trendline but failed to break free on the attempt.

Following the rejection, Shiba Inu returned to its local support to capture liquidity, targeting the retail stop-loss cluster around the area. Notably, it temporarily broke below the demand wall on June 22, with a low of $0.00001004, causing retail investors to panic-sell.

After concluding this “free masterclass in liquidity,” Shiba Inu reversed hard, also sweeping liquidity from late short positions. From the low, SHIB rallied extensively, breaking market structure, with its surge past the stop-loss cluster trendline.

Next Target for Shiba Inu Tradersboat
Next Target for Shiba Inu/Tradersboat

Furthermore, SHIB continued its uptrend and reached the multi-month resistance trendline from which it was rejected in May, but this time defied it. With the strong momentum, the analyst has predicted further upside for Shiba Inu.

Next Target for Shiba Inu Amid Bullish Traction

Meanwhile, Shiba Inu is now up 50% from its June low of $0.00001004, joining in the parabolic move among most altcoins. With the bullish traction ensuring it broke above a crucial resistance trendline, Tradersboat has highlighted its next target.

He predicted an uptrend, characterized by higher highs and higher lows, to the next supply area at $0.000025. Interestingly, this is the same area where Shiba Inu faced massive price rejection in January.

From its current price of $0.00001514, this would mark a 65% rally and could set Shiba Inu up for higher prices if it overcomes the distribution zone this time. Remarkably, several other analysts have echoed this sentiment, highlighting the resistance at $0.000035 as the next level before a swing to retest its all-time high at $0.0000885.

Moreover, some further suggest that Shiba Inu could reach as high as $0.00024 this cycle if bullish momentum endures.

Analyst Predicts XRP to Reach $4 Within 36 Hours, Says the Opportunity to Buy at $2 Is Gone

Abdulkarim Abdulwahab
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Analyst Predicts XRP to Reach $4 Within 36 Hours, Says the Opportunity to Buy at $2 Is Gone

The price of XRP has been holding above $3 for several consecutive days, and analysts believe a breakout into the next price phase is now imminent.

In a tweet, analyst “24HRSCRYPTO” issued a short-term forecast for XRP, projecting that the token will soon surpass its all-time high and enter a new price range.

Specifically, he predicted that XRP would break into the $4 range within a 36-hour window. While this has not yet materialized, he emphasized that the days of XRP trading around $2 are over. 

According to him, the price is now entering a new acceleration phase, driven by increasing utility and growing market confidence. This outlook comes as XRP rides strong momentum after surpassing historic price levels and attracting widespread attention from both retail and institutional investors.

Notably, XRP is currently trading at $3.46, down 2.4% in the last 24 hours. Meanwhile, the price has surged 21% over the past seven days and posted an impressive 66% gain in the last 30 days.

Last week, XRP reached $3.66, one of the highest prices in its history. It has since maintained a range near this level. Meanwhile, those who missed the chance to buy XRP at lower prices are hoping for a significant retracement to enter the market.

XRP Sub-$2 Entry Now History as Price Structure Strengthens

However, 24HRSCRYPTO warned that investors waiting for a pullback to $2 may have missed their opportunity. According to him, the chance to accumulate at lower levels is “gone,” as XRP’s price structure has fundamentally shifted.

He argues that once tokens with real-world utility enter full momentum, they don’t easily crash back down. Instead, volatility tends to favor the bulls, effectively disrupting the usual mechanics of price retracement.

Eyes on $4 and Beyond as XRP’s Floor Rises

Furthermore, the analyst notes a rising floor for XRP, indicating that the token’s support levels are increasing as demand continues to rise.

From his perspective, XRP is no longer in a speculative holding pattern. Rather, it is entering a phase of sustained strength, with higher targets of $5, $6, and even $7 potentially within reach.

This outlook aligns with the broader narrative that XRP has moved past uncertainty, supported by legal clarity, institutional involvement, and growing retail interest, all acting as catalysts.

“Good Luck, Soldiers”

In his final remarks, 24HRSCRYPTO offered encouragement to the XRP community. He urged them to prepare as the asset enters a historic breakout zone.

His message highlights the popular sentiment that XRP’s trajectory is now active, explosive, and potentially transformational in the near term. For example, analyst CrediBULL recently shared that his $10,000 XRP investment from December 2019 has grown nearly 20x to $196,512.

However, CrediBULL insists that XRP’s real rally is only just beginning. He predicts a potential $30 price target within the next 6–12 months, stating XRP’s price run will soon allow him to “buy a Lambo.”

Media Personality Regrets Panic Sale of $3M Worth of XRP After Friend’s Tip

Lele Jima
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Media Personality Regrets Panic Sale of $3M Worth of XRP After Friend’s Tip

Barstool Sports founder Dave Portnoy offers further insights into his recent panic sale of XRP, which resulted in him missing out on substantial gains. 

This follows Portnoy’s post on X less than a week ago, in which he lamented selling his XRP position too soon and missing its 60% rally. In a recent livestream, Portnoy claimed to have approximately $3 million worth of XRP. 

Liquidated XRP Holdings on False Sell Signal 

While XRP’s price hovered around $2 weeks ago, Portnoy said he had planned to hold it through the volatility, expecting a future rally. 

However, his intention to liquidate his XRP position came after the individual who had initially convinced him to invest in XRP texted him, “No good news. Circle would do what XRP is doing.” 

Portnoy, who admitted not understanding the message, wondered whether he was advising him to sell his XRP holdings. Faced with uncertainty, he decided to sell his entire XRP holdings when the price soared to $2.4 per token. 

XRP Went Parabolic After Sale 

Shortly after the sale, XRP’s price went “parabolic,” soaring to $3.5. This represents a surge of 45.83% from the $2.4 price region where Portnoy sold his XRP holdings.

Notably, XRP eventually reached a multi-year target of $3.65 on July 18, 2025. Watching XRP as it rallies massively and missing out on huge gains, Portnoy said it made him “sick in his stomach.”

Despite claiming to be doing well in Bitcoin and Ethereum, possibly seeing profits in both assets, he said it still hurts to sell XRP at a lower rate. 

Initial Conviction in XRP  

Meanwhile, Portnoy believed in XRP’s upside potential, suggesting that the token could become the next Bitcoin. According to him, the price of XRP could easily soar 10x and grow to unprecedented levels. 

Based on this conviction in XRP, Portnoy had hope to hold the token for the long term and not trade it anytime soon. However, he panicked at his friend’s sudden message, which ultimately led him to sell his XRP too soon —a decision he regrets to date. 

Since Portnoy first revealed this sale, prominent XRP influencers have been warning investors not to miss substantial returns by selling the token too soon. For instance, JackTheRippler stated that it is always too early to sell XRP but never too late to buy the token. 

The price of XRP has declined by 2.28% over the past 24 hours, currently standing at $3.49. Despite this slight retracement, XRP remains up 24.01% over the past seven days. 

Elon Musk’s SpaceX Moves 1,300 Bitcoin After Three Years of Dormancy

Zabi
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Elon Musk’s SpaceX Moves 1,300 Bitcoin After Three Years of Dormancy

As Bitcoin trades near record highs, SpaceX has moved over 1,300 BTC in a rare on-chain transaction, signaling renewed crypto activity from Elon Musk’s aerospace firm after a three-year break.

Today, Elon Musk’s SpaceX transferred a batch of 1,308 BTC tokens worth approximately $153 million to an unidentified wallet. This marks the aerospace giant’s first major on-chain transaction in over three years.

Transaction Details and Current Holdings

Data from blockchain intelligence firm Arkham shows the transaction occurred at 05:09:07 UTC on July 22, 2025. Despite the sizable transfer, SpaceX still holds 6,977 BTC, currently worth about $818 million, maintaining its position as a major corporate Bitcoin holder.

The last known crypto outflow from SpaceX occurred on June 10, 2022. On that day, the company transferred 3,505 BTC, then valued at approximately $102 million, to Coinbase.  Since then, the company has remained silent on the blockchain until today’s unexpected transaction.

This latest activity comes at a critical moment for Bitcoin, which is trading at $117,574, just 4.55% below its all-time high of $123,091, set on July 14. The bullish momentum in the market may have influenced the timing of the transfer.

Elon Musk’s SpaceX Bitcoin Transaction History
Elon Musk’s SpaceX Bitcoin Transaction History

Elon Musk’s Growing Crypto Influence Amid Bitcoin Bull Run

Earlier this month, Elon Musk unveiled a new political platform called “The American Party.” He says the party will support Bitcoin as part of its economic vision. While Musk offered few specifics, he dismissed fiat currency as “hopeless,” reaffirming his commitment to decentralized finance.

Musk’s crypto influence extends beyond policy talk. Together, Tesla and SpaceX control a combined 18,486 BTC, worth an estimated $2.17 billion. Tesla accounts for 11,509 BTC, while SpaceX retains 6,977 BTC following the transfer.

The billionaire entrepreneur has previously confirmed personal investments in Bitcoin, Ethereum, and Dogecoin. He is also known for frequently endorsing Dogecoin on his social media platform, X. His advocacy has even resulted in legal challenges. Nevertheless, it continues to energize the crypto space.

Bitcoin Confirms Bullish Megaphone Breakout With $117K Retest, Setting Stage for $200K Surge

Mark Brennan
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Bitcoin Confirms Bullish Megaphone Breakout With $117K Retest, Setting Stage for $200K Surge

Bitcoin has officially validated a multi-year bullish megaphone breakout, with prices now stabilizing above $117,000. The move follows a successful retest of a key trendline that had acted as resistance since 2021.

This technical confirmation, paired with rising open interest and growing institutional inflows, suggests the current rally may not be over. Analysts now view $200,000 as a possible mid-term target if macro and structural indicators continue to align.

Multi-Year Megaphone Breakout Confirmed

According to analyst Mister Crypto, Bitcoin’s long-term chart displays a classic bullish megaphone structure, spanning from 2019 to 2025. This formation, also known as a broadening wedge, is characterized by rising volatility through higher highs and lower lows.

Bitcoin respected this pattern for years, with multiple touches on both trendlines confirming its validity. A breakout above the upper boundary occurred in early 2025, marking a significant shift in the asset’s macro trajectory.

Bitcoin Bullish Megaphone Source X
Bitcoin Bullish Megaphone Source: X

Following the breakout, a textbook retest of the upper trendline occurred. The price momentarily dipped before reclaiming the $100,000 zone, turning prior resistance into confirmed support.

This kind of structural retest is viewed as crucial in technical analysis, as it reduces the chances of a false breakout. Bitcoin now trades around $117,000, forming new higher highs. The sustained movement post-retest indicates renewed strength in the ongoing bullish cycle, with momentum reinforced by increased demand.

Open Interest and Macro Structure Support Upside

A separate 2-week BTC/USD chart paired with global open interest data shows that a healthy rise in leveraged positions accompanies the ongoing rally. Between 2019 and 2020, Bitcoin remained in a range below $14,000.

A breakout in late 2020 sparked a rally to $65,000 in 2021, followed by a correction down to $29,000. This initiated a lower high–lower low phase, extending through 2022.

BTC USD AVERAGE Source Open Interest
BTC USD AVERAGE Source: Open Interest

The shift began in early 2023, with Bitcoin forming consistently higher lows and regaining strength. The $48,000–$50,000 resistance area, previously rejected in 2022, was broken in 2024. The breakout was followed by a bullish retest around $60,000–$65,000, which held. Bitcoin then surged beyond $100,000.

Open interest has now climbed to $99.62 billion, near its previous peak. Historically, peaks in OI have preceded corrections, but this rise appears gradual and organic, suggesting more room for upside.

The alignment of price action with steadily rising open interest reflects broader participation from market players. If this trajectory continues without aggressive liquidation spikes, Bitcoin could target the $140,000–$160,000 range in the next few months.

Short-Term Targets and Range Structure

On the lower timeframe, analyst Personel Trader outlined a projected three-phase structure for Bitcoin using the 2-hour chart. Price currently sits near $118,947 and is expected to rise toward $125,500, aligning with the 1.272 Fibonacci extension.

The short-term structure includes several intraday pullbacks and consolidations, signaling gradual movement rather than an impulsive breakout.

Bitcoin Source Chart by Personeltrader X
Bitcoin Source: Chart by @Personeltrader X

After hitting $125,500, the projection anticipates a correction toward the $113,000–$114,000 region. This zone aligns with the 0.618 retracement level and a prior demand area. The analyst then expects a final bullish wave that could extend toward $140,000.

This mid-range consolidation, expected to last several weeks, offers scalping opportunities around clearly defined zones.

Together, the long-term breakout, confirmation of trendline support, rising open interest, and short-term range setup form a consistent bullish picture. All key structures remain intact, and Bitcoin continues to trade in an environment conducive to further upside.

Here’s Why Buying Just 2,400 XRP Is Now Out of Reach for Average Person

Sam Wisdom Raphael
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Here’s Why Buying Just 2,400 XRP Is Now Out of Reach for Average Person

With XRP price constantly rising to greater heights, the average retail investor might be increasingly finding it difficult to purchase a considerable amount.

Notably, XRP rode on the latest broader market uptrend, posting some of the largest gains among mainstream crypto assets. While Bitcoin (BTC) claimed new all-time highs above $123,000, XRP and other altcoins failed to reach new peaks. However, most of them still outperformed the crypto firstborn.

XRP Surges Remarkably

For instance, this month alone, XRP has increased over 54%, and is on track to record its largest monthly gain this year. Meanwhile, Bitcoin is only up 9.41% this month, far below XRP’s 54% spike. With this impressive gain, XRP has held strong above the $3 psychological mark, now trading at $3.48.

Interestingly, while this development has yielded gains for existing investors, it has equally made it more difficult for aspiring ones to enter the market at scale. For perspective, data from the community-driven XRP Rich List shows that the lowest tier on the list, the Top 10, requires an investor to hold at least 2,446 XRP.

XRP Rich List
XRP Rich List

Can the Average Wage Earner Afford 2,446 XRP?

However, at the current price of $3.48, these 2,446 XRP tokens are now worth a little above $8,500. This is inaccessible for most average earners. For context, a survey from earlier in the year revealed that most Americans have less than $2,000 in savings.

Specifically, only 25% have $2,000 or more in savings. Meanwhile, 21% have between $1 and $250, and a whopping 19% have no savings at all. Further, about 11% have between $250 and $500 in savings. This entails that most Americans cannot purchase up to 2,446 XRP from their savings without topping up capital.

Also, topping up capital could be challenging for the average American. Data reveals that the average monthly salary for an American is around $5,500. Meanwhile, some estimates put the average monthly expense for an individual in the U.S. at $4,641. As a result, the average American would need to save for nearly ten months just to buy 2,446 XRP.

Further, in countries like the UK, the story is similar and much worse. The average UK resident earns around £2,800 a month while spending about £2,600 within the same period. As a result, such an individual would need to save for over two years to be able to afford 2,446 XRP worth £6,309.

Not Too Late

However, this was not the case a year ago. With XRP trading for around $0.49 in July 2024, the average American earner would have procured 2,446 XRP, worth around $1,200, with less than two months of savings. In addition, the average wage earner in the UK would have required just around four months of savings.

Despite this, several market commentators believe the market is still early and investors should get in with whatever they can afford. These pundits expect XRP to surge beyond the current price of around $3.48 to greater heights that even modest holdings today could be worth fortunes then.

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