For all of us holding XRP, it’s always sort of fun to see who is holding the most coins per wallet. Which is why I will be going over the XRP rich list percentage so you can get an idea of what it’s going to take to become top-tier.
And look, most people who’ve made it to the top probably started with a small chunk and continued to accumulate over the years unless they were already super wealthy.
But for most of us, hitting a certain percentage or size bag, if you will, is very attainable, as you will see here shortly. If you’re consistent, you can easily get into the top 1 percent of all XRP holders. Just keep stacking and packing!
Around 5000 coins
Okay, so the first tier is people holding under 5,000 coins, which is just under five hundred thousand wallets. And it would make sense to see so many wallets in this range, especially since, at current prices, this isn’t going to cost you a whole lot.
Around 15,000 coins
Our next tier is when the investment starts to go up a little, but not by much. This is under fifteen thousand. The number of people holding it is also just under five hundred thousand wallets, which makes sense because it’s still not a huge investment.
Around 50,000 coins
Okay, so this is where things are starting to heat up. Once you’ve been buying XRP for a few years, you will probably see your wallet start to bust out a little. In total, there are around two hundred and thirty thousand wallets of this size.
Around 75,000 Coins
As we start to move up the scale, you will notice the wallets holding XRP start to go down. This is due to the larger investment that you will need to make to attain these numbers. Once you make it to seventy-five thousand coins, the number of wallets holding them drops to just under 50,000.
Around 125,000 coins
This, in my opinion, is the perfect amount to hold if you hope to strike it rich with XRP in the near term. It’s not going to be easy to get to 125,000 coins, but if you can manage it, you should pat yourself on the back. Not many people make it this far, as wallets sit around twenty-five thousand. This would also put you at the top. 05 percent of all holders.
Around 250,000–500,000
These are seriously hard numbers to get to, and we mere mortals might not be able to. But for some of us, the dream has already become a reality. The number of wallets holding this amount comes to around twenty thousand people. These are either serious traders or long-term holders who really believe in the project to the fullest.
1 Million plus
The last category would be the one million plus range. These are typically institutions that hold XRP. There are also some banks that might be holding this amount as well; it’s just hard to know for sure.
Should you buy XRP?
And honestly, guys, you must be honest with yourself about what you hope to accomplish by owning XRP. If you don’t believe in the project and what Ripple is trying to do as a company, it might not make sense to own a ton of it.
However, if you do believe in the project, then why not stack and pack some more of it? An exchange that I currently use is Uphold. They’ve really been my go-to for many years because they’ve always supported the XRP army, even when they had legal troubles.
Plus, the exchange is reputable and has lots of other crypto’s and security measures to help protect its users.
Benefits of Owning XRP
First and foremost, one of the most compelling benefits of owning XRP is its speed and efficiency in facilitating transactions. Traditional cross-border transactions can be slow and costly, often taking several days to settle. However, XRP transactions are lightning-fast, typically completing in just a few seconds. This rapid settlement time is made possible by the XRP ledger, which operates independently of any single entity, making it highly resilient and efficient.
Second, the possible upside to making money on XRP appreciating in price over time is always going to be there. While it’s impossible to give an accurate prediction of where it could go in the coming years, all signs point upward. Even just holding a small bag of it could prove to be wise.
Relax from the Market with Crypto Poker
Look, sometimes staring at charts and prices can give you a headache. Which is why, when I need to relax, I play some crypto poker.
One of the best places to do that right now is Ignition Poker. This is a site I’ve been using for many years, and I enjoy playing cash games and tournaments when I have some free time.
If you also enjoy playing or have a passion for the game, I recommend giving it a try. You can see our full review of them here.
Final Thoughts
I hope you enjoyed this update on the XRP rich list percentage. It gives you a good idea of what it’s going to take to become top-tier if you have the courage to attempt it.
But realistically, it doesn’t take a whole lot of it to get in the top 1 percent. It’s more about what you hope to accomplish by owning XRP. Are you trying to get rich in the near term, or are you okay with holding on for the next few years to see where this whole thing goes?
No one out there can promise you that Ripple will succeed with what they are trying to do. But you also can’t deny that XRP has been able to hold its ground as a top-ten crypto for many years now. That’s what’s got me excited, at least.
Just keep stacking and packing your bags, and in the long term, you will see what happens. Until then, have some patience and don’t expect it to be over by tomorrow. It’s going to take some time!
