After the tumultuous end of the relationship between Ripple and the SEC, Ripple’s XRP is making headlines. Ripple had to pay a whopping $125 million fine, which caused the price of XRP to drop.
The altcoin at the time of publication was trading At $0.57 with a drop of 2.73% over the last 24 hours. The asset has risen 22% over the past seven days following a daily volume increase of 44%.
Steps for joining the XRP Wealth List
Current Market Situation
Despite the current slump in the asset, investors still have a good chance of making it to the XRP Rich List. Edo Farina is the CEO of Alpha Lions Academy and he revealed how investors can get into the top 10% of XRP’s biggest wallets.
Top 10% of the XRP market must be required
Farina stated in a video that 3 011 XRP would be enough to add to the list. Farina stated that in June 2024 approximately 3,299XRP would be needed to place within the top 10%.
Only 3011 copies of the book are available $XRP You can be in the top 5% of the Rich List
pic.twitter.com/MkJIERmK9d
— EDO FARINA 🅧 XRP (@edward_farina) August 12, 2024
After the price spike of XRP, however, the required minimum amount of XRP to be included in this category has been reduced to 3.011. In just three months, this represents a drop of 8.72%. XRP is currently trading for $0.5643. This means that these 3,011 coins cost $1699.
Requirement of XRP in the top 5%
He also emphasized how much XRP was needed in order to be placed among the top 5% largest XRP wallets. Farina noted that 10 099 XRP tokens were required in order to be included.
Also Read: Ripple (XRP) And Binance Coin (BNB) Price Prediction For August 2024
Number of XRP Wallets
Farina claims that there are only 523.615 wallets with at least 3.011 XRP. He said that even though many wallets currently rank in the top 10% on the list of XRP-rich wallets, people can own more than one.
Also Read: Ripple: XRP Price Prediction Turns Bullish This Week
Farina stated that those who own 10,000 XRP or more are considered to be sharks. In this group, there are 252,594 different wallets.
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Source: watcher.guru
