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 XRP price to drop.
The altcoin at the time of publication was trading The price is $0.57 and has dropped 2.73% in the past 24 hour. The asset has risen 22% over the past seven days following a daily volume increase of 44%.
How to join the XRP rich list
Current Market Situation
Despite the current slump in the XRP asset, investors still have a good chance of making it to the XRP Rich List. Edo Farina of Alpha Lions Academy revealed the secret to getting into the top 10% most wealthy XRP users.
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%.
After the price spiked for 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%. These 3,011 tokens are worth $1,699 at the current XRP price of $0.5643.
The Top 5% of Users are Required to Use XRP
He also emphasized how much XRP was needed in order to be among the top 5% 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 said that only 523 615 wallets contained at least 3 011 XRP. Despite the fact that many wallets rank among the top 10% XRP list, Farina said that people could have multiple wallets.
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. This group contains 252,594 wallets.
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Source: watcher.guru