XRP Network Growth Reduces Threshold for Top Holders

The XRP Ledger has reached an impressive milestone of over 8 million wallet addresses. This growth in network participation has led to changes in the amount of XRP required to rank among the largest holders. According to the latest XRP wallet distribution data, holding approximately 2,151 XRP is now enough to place a wallet in the top 10% of all XRP holders.

The thresholds for entering higher percentile groups have declined over the past few years as more wallets are added to the network. Previously, entering the top 10% required roughly 4,000 XRP, while the top 1% reportedly required around 60,000 XRP.

At an XRP price of about $1.15, purchasing 2,151 XRP would cost approximately $2,500. Analyst Crypto AiMan suggests that if XRP's market capitalisation were to match Bitcoin's, XRP could trade above $20 per token. At this valuation, 2,151 XRP would be worth more than $50,000.

XRP is currently trading significantly below its previous peak of around $3.50, leaving the token down by roughly 65-70% from those highs.