Expert Reveals You Need To Hold More Than 2,601 XRP: Here’s Why
As the price of XRP continues to climb, a growing number of holders now find themselves priced out of the top wealth brackets.
According to Edo Farina, CEO of Alpha Lions Academy, staying in the top 10% of XRP holders is becoming increasingly difficult. Farina predicts that by the time XRP reaches $100, only a few thousand holders will remain in the top 10% of wallets.For example, in June 2024, it took about 3,300 XRP to enter the top 10%. At that time, XRP traded at a low price of $0.47, and acquiring 3,300 tokens cost $1,551.
However, as of January 2025, that number has dropped to just 2,599 XRP. Farina attributes this decline to XRP’s increasing value, meaning fewer tokens are needed to qualify for top wealth positions.
In particular, even with the decreased quantity, it now costs $6,263 to join the top 10% of XRP holders. This higher capital requirement comes as XRP is now worth above $2.40 per token.
For context, over 5.85 million wallets hold XRP. Of this figure, only 585,248 addresses are in the top 10%, with balances above 2,599 XRP tokens. Meanwhile, in the top 1%, just 58,000 wallets have balances above 56,304 XRP, which costs $135,000.
Essentially, Farina highlights that as XRP’s price continues to increase, the number of people able to maintain a top-tier position will dwindle. Essentially, he is encouraging market participants to buy XRP now at lower prices to avoid being priced out as the price continues to climb.
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Few XRP Holders Practicing Self-Custody
The expert also notes that fewer people are holding their XRP in self-custody. While there are over 500 million crypto users worldwide, only a small fraction—about 20 million—practice self-custody of their assets.
Accordingly, Farina estimates that only around half a million XRP holders truly control their tokens in self-custody. He emphasizes the risk of holding XRP on exchanges, suggesting it could cost investors the opportunity to benefit from XRP at a time when its value has skyrocketed.
In conclusion, Farina stressed the importance of self-custody. As more people are priced out of the top wealth brackets, those who understand the value of securely holding their assets will have the best chance of remaining among the top holders for the long haul
SOL Daily Transactions Rises & AVAX Price Rallies While BlockDAG’s
SOL Daily Transactions Rises & AVAX Price Rallies While BlockDAG’s Latest AMA Confirms Mainnet Launch in 2025
The crypto market is witnessing notable activity, with the Solana daily transactions reaching 70 million, a significant milestone highlighting its active network. Similarly, the Avalanche price remains steady at around $47, keeping the token in market discussions.
On the flip side, BlockDAG (BDAG), a utility-driven project, is redefining blockchain innovation. Its recent AMA session highlighted key achievements of 2024, including surpassing $172.5 million in presale funds, the launch of the Alpha Testnet with 100 nodes, and more. Plus, the AMA has also revealed that the mainnet is launching in 2025!
Avalanche (AVAX) Price Holds at $47:-
Avalanche (AVAX) price has stabilized around $47, with analysts discussing its potential to reach $100 in the coming years. The network has shown resilience, supported by strong fundamentals and an expanding ecosystem.
Yet, market sentiment indicates some skepticism about Avalanche’s ability to maintain momentum. Its recent price movements suggest a lack of significant upward pressure, raising concerns about its short-term growth prospects. While Avalanche (AVAX) price showcases potential, investors remain wary of market risks and scalability issues.
Solana Daily Transactions Hit 70 Million:-
A recent post on X by @MarioNawfal reveals that the Solana daily transactions reached an astonishing 70 million in a single day, reflecting a surge in network activity. This surge reflects Solana’s scalability and the growing adoption of its network, fueled by developments like the Pudgy Penguins NFT initiative.
However, some experts caution that this heightened activity might not be sustainable long-term, given Solana’s past issues with network outages. Experts also point to concerns over centralization within its validator ecosystem, which could pose risks to decentralization.
will+jack+63
2024/12/30 17:53
Here's a polished version of your analysis:
ALPHA/USDT Market Analysis: Falling Wedge Pattern and R
Here's a polished version of your analysis:
ALPHA/USDT Market Analysis: Falling Wedge Pattern and Resistance
*Key Points*
1. *Falling Wedge Pattern*: ALPHA is trading within a falling wedge pattern, indicating exhaustion in the downtrend and potential reversal to the upside.
2. *Rejection at Resistance Trendline*: The price faces rejection at the resistance trendline, limiting upward movement.
3. *Ichimoku Cloud Resistance*: The Ichimoku Cloud acts as a significant barrier above the price, providing additional resistance.
*Implications*
- The falling wedge pattern suggests a potential bullish reversal, but rejection at the resistance trendline and Ichimoku Cloud resistance indicates the price may need to break through these barriers to confirm the reversal.
- A short-term downturn or consolidation may occur before a potential breakout.
*Trading Strategy*
1. *Wait for Breakout*: Consider waiting for a breakout above the resistance trendline and Ichimoku Cloud before entering a long position.
2. *Stop-Loss Placement*: Place a stop-loss below the lower boundary of the falling wedge pattern to limit potential losses.
3. *Monitor Price Action*: Closely monitor price action, as a breakdown below the wedge could indicate a continuation of the downtrend.
Mr-Charles
2024/12/30 16:19
This analysis provides valuable insights into the current market situation of ALPHA/USDT. Here's a b
This analysis provides valuable insights into the current market situation of ALPHA/USDT. Here's a breakdown of the key points:
Key Points
1. *Falling Wedge Pattern*: ALPHA is trading within a falling wedge pattern, which is typically a bullish reversal pattern. This pattern indicates exhaustion in the downtrend and a potential reversal to the upside.
2. *Rejection at Resistance Trendline*: The price is facing rejection at the resistance trendline, limiting the upward movement. This trendline is formed by connecting the highs within the falling wedge.
3. *Ichimoku Cloud Resistance*: The Ichimoku Cloud is acting as a significant barrier above the price, providing additional resistance to the upward movement.
Implications
- The falling wedge pattern suggests a potential bullish reversal, but the rejection at the resistance trendline and Ichimoku Cloud resistance indicates that the price may need to break through these barriers to confirm the reversal.
- The analysis implies that the price may experience a short-term downturn or consolidation before potentially breaking out to the upside.
Trading Strategy
- Traders may consider waiting for a breakout above the resistance trendline and Ichimoku Cloud before entering a long position.
- A stop-loss could be placed below the lower boundary of the falling wedge pattern to limit potential losses.
- Traders should monitor the price action closely, as a breakdown below the wedge could indicate a continuation of the downtrend.
Mr-Charles
2024/12/28 16:27
This analysis provides valuable insights into the current market situation of ALPHA/USDT. Here's a b
This analysis provides valuable insights into the current market situation of ALPHA/USDT. Here's a breakdown of the key points:
Key Points
1. *Falling Wedge Pattern*: ALPHA is trading within a falling wedge pattern, which is typically a bullish reversal pattern. This pattern indicates exhaustion in the downtrend and a potential reversal to the upside.
2. *Rejection at Resistance Trendline*: The price is facing rejection at the resistance trendline, limiting the upward movement. This trendline is formed by connecting the highs within the falling wedge.
3. *Ichimoku Cloud Resistance*: The Ichimoku Cloud is acting as a significant barrier above the price, providing additional resistance to the upward movement.
Implications
- The falling wedge pattern suggests a potential bullish reversal, but the rejection at the resistance trendline and Ichimoku Cloud resistance indicates that the price may need to break through these barriers to confirm the reversal.
- The analysis implies that the price may experience a short-term downturn or consolidation before potentially breaking out to the upside.
Trading Strategy
- Traders may consider waiting for a breakout above the resistance trendline and Ichimoku Cloud before entering a long position.
- A stop-loss could be placed below the lower boundary of the falling wedge pattern to limit potential losses.
- Traders should monitor the price action closely, as a breakdown below the wedge could indicate a continuation of the downtrend.