XRP has experienced substantial growth, particularly following the November 2024 U.S. presidential elections, where Donald Trump’s victory fueled a surge in the cryptocurrency’s value. Starting at around $0.50, XRP saw an explosive rise, reaching a peak of $3.39, marking a stunning 520% gain in just one month. As XRP continues to show bullish momentum, analysts believe that a further price increase could lead to significant wealth for the cryptocurrency’s top holders.
Since the election-induced rally, XRP has attracted a wave of new investors. Data from various blockchain sources shows a dramatic increase in the number of XRP wallets. By January 2025, the number of XRP wallets had risen to about 5.92 million, just shy of the 6 million mark. This represents an addition of over 557,000 wallets within a span of just three months. This increase in wallet creation signals growing investor participation in the cryptocurrency, as many new investors attempt to capitalize on XRP’s bullish trend.
However, while XRP’s wallet count has expanded, the majority of its holdings are concentrated in the hands of a few. On-chain data reveals that the top 10 XRP addresses, representing 519,711 wallets, hold at least 2,578 XRP, currently worth $7,295. The top 5% of holders own at least 9,679 XRP, worth approximately $28,430 at current prices. These holders could stand to benefit immensely from any significant price increase.
Several analysts have speculated that XRP’s price could continue to rise, with some predicting a target of $10. This projection suggests a 257% increase from its current price of $3.10. If XRP reaches this level, the returns for the top holders could be substantial.
For example, the top 10 holders, who currently hold a minimum of 2,578 XRP, would see their holdings rise to $25,780 if the price reaches $10. Meanwhile, the top 5% of holders, who possess at least 9,679 XRP, would see their investments increase to $96,790. These figures illustrate the potential wealth that could be generated from a price surge in XRP.
The financial gains would be even more significant for holders with larger stakes in XRP. The top 1% of holders, who hold 55,728 XRP, would see their holdings increase to $557,280 if the price hits $10. Similarly, those in the top 0.5%, with 101,467 XRP, could see their holdings grow to $1,014,670, while holders in the top 0.01% with over 6.6 million XRP could see their investments rise to an astonishing $66.25 million.
As XRP’s price increases, some holders may choose to sell a portion of their holdings to lock in profits. This selling behavior could reduce the minimum amount of XRP required to remain in the top holder tiers, as the price continues to rise. For instance, six months ago, the minimum balance for the top 10% of XRP holders was 3,011 XRP. As the price rises, this figure is expected to decline, meaning that more investors could potentially find themselves among the top holders.
XRP’s price surge could lead to substantial gains for the cryptocurrency’s top holders, particularly if it reaches the $10 mark. With large wallets accumulating more XRP and the price trending upwards, those who hold significant amounts could see their investments grow exponentially. While the market remains unpredictable, XRP’s bullish momentum and increasing wallet activity suggest that the cryptocurrency’s price could continue to climb, benefiting top holders in the process.
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