The latest update to XRP Rich List shows the amount of XRP tokens. need To reach the top 10% and reach the top 1% Reduction,capital To get These tokens are on the rise.
In particular, this is mainly due to the recent impressive surge in XRP. This is because we reach new annual highs along with the broader crypto market. For context, XRP rapidly surged to a peak of $3.66 in late July, returning as July approaches its end. Despite the pullback, the XRP is up 32% above $3.
Amidst the recent price movement, data from the community-driven XRP rich list resources has become part of the top 10%, indicating that the top 1% has dropped considerably, and the amount of XRP tokens that you need to hold as an individual has dropped significantly.
At the time, the 2,486 XRP was worth $5,643. Today, you need 2,433 XRP to reach the top 10%, but the token is worth $7,299. This represents an increase of around $2,000 to enter the top 10 in under a month, despite the declining number of tokens.
This trend has also won over the layers of other addresses inside XRP Rich list. For example, on July 7th, they had to hold 8,758 XRP worth $19,880 to be part of the top 5%. Today, investors need to own 8,517 XRP, currently worth $25,551 to join this tier. This is over $5,000.
XRP Rich List
Interestingly, one of the most dramatic changes occurred in the top 1% tier. At the time of the previous XRP Rich list report, investors looking to join this tier are: Around it $115,000 after that. Currently, investors need to hold 50,108, but they will have to spend $150,000. This is an increase of over $35,000.
Is it still a market?
Analysts say this consistent change is the continuing investors put off Investing in XRP I'll do it As the market matures, there's not only more room for it. Market Pandit Edoardofarina It's called attention When he suggested that XRP was priced retail investors in this trend in June.
Additionally, there are several community commentators. I insisted Investors who have entered the market today are still very early. This is because we expect XRP to skyrocket beyond its current levels. In the context, if XRP hits Egrag projected at $30the 2,433 tokens needed to enter the top 10% are worth nearly $73,000.
