Long-term XRP holders have survived the recent market dip without selling their digital assets. In fact, the data from crypto analytics firm Santiment, shows that a major accumulation move is happening on the XRP network.
Large holders of the digital currency have expanded their holdings by a massive margin in the last 8 weeks. Since December 2021, XRP addresses with at least 10 million coins have added nearly 900 million coins to their holdings, making it one of the largest accumulations by crypto whales in history.
Santiment highlighted that a total of 336 XRP addresses are holding at least 10 million coins. Between November and December 2020, the mentioned group of addresses accumulated approximately 1.29 billion coins.
“The second-largest XRP accumulation in the past 5 years by top-tier whales is in progress. There are currently 336 XRP Network addresses that hold 10M XRP or more. Many of these undoubtedly belong to exchanges, but this is still a notable anomaly,” Santiment’s data highlights.
Additionally, large crypto movements are on the rise. A well-known XRP address recently moved 89 million coins, worth nearly $70 million, from Bithumb.
XRP Ledger and RippleNet
Since the start of 2021, the adoption of XRP Ledger (XRPL) and RippleNet has increased enormously. Recently, STASIS, a leading company in euro-backed stablecoin production, announced that the company is planning to issue Euro stablecoin (EURS) on XRPL. In October 2021, Ripple announced the deployment of RippleNet’s ODL in the Middle East. The company collaborated with Pyypl for the introduction of new services in the region.
“With over 20 payout markets for On-Demand Liquidity (ODL), most recently adding the Middle East, RippleNet continues to see more global demand for the product. Most notably, APAC continues to be one of the largest contributors of ODL volume on RippleNet, more than doubling in 2021,” Ripple mentioned in its Q4 report.
Long-term XRP holders have survived the recent market dip without selling their digital assets. In fact, the data from crypto analytics firm Santiment, shows that a major accumulation move is happening on the XRP network.
Large holders of the digital currency have expanded their holdings by a massive margin in the last 8 weeks. Since December 2021, XRP addresses with at least 10 million coins have added nearly 900 million coins to their holdings, making it one of the largest accumulations by crypto whales in history.
Santiment highlighted that a total of 336 XRP addresses are holding at least 10 million coins. Between November and December 2020, the mentioned group of addresses accumulated approximately 1.29 billion coins.
“The second-largest XRP accumulation in the past 5 years by top-tier whales is in progress. There are currently 336 XRP Network addresses that hold 10M XRP or more. Many of these undoubtedly belong to exchanges, but this is still a notable anomaly,” Santiment’s data highlights.
Additionally, large crypto movements are on the rise. A well-known XRP address recently moved 89 million coins, worth nearly $70 million, from Bithumb.
XRP Ledger and RippleNet
Since the start of 2021, the adoption of XRP Ledger (XRPL) and RippleNet has increased enormously. Recently, STASIS, a leading company in euro-backed stablecoin production, announced that the company is planning to issue Euro stablecoin (EURS) on XRPL. In October 2021, Ripple announced the deployment of RippleNet’s ODL in the Middle East. The company collaborated with Pyypl for the introduction of new services in the region.
“With over 20 payout markets for On-Demand Liquidity (ODL), most recently adding the Middle East, RippleNet continues to see more global demand for the product. Most notably, APAC continues to be one of the largest contributors of ODL volume on RippleNet, more than doubling in 2021,” Ripple mentioned in its Q4 report.
FAQs
As a result, we can calculate that each participant holds a minimum amount within the stated range of XRP, resulting in an average of 53,327 XRP per participant.
Who are the biggest XRP holders? ›
Top XRP Holders by Percentage
| Owner | Number of XRP | % of Circ. Supply |
|---|
| Ripple #1 | 1,960,027,012 | 3.69% |
| Ripple #2 | 1,541,294,079 | 2.90% |
| Binance #1 | 1,477,168,712 | 2.78% |
| Uphold #1 | 1,372,766,273 | 2.58% |
6 more rowsSep 19, 2023
Analyst Explains Why $10,000 Is Not Possible
One analyst who has weighed in on the XRP price to $10,000 debate is Zach Rector. Following the circulation of predictions that the altcoin could rise to this level, Rector came forward to explain why he doesn't believe that the XRP price can climb that high.
Will XRP make me a millionaire? ›
The price difference between the ATH and the current price of XRP is $2.8 – $0.62 = $2.18. Therefore, at the current XRP price of $0.762, an investor would need to purchase approximately 458,716 XRP coins today to potentially achieve a millionaire status if the price were to reach its ATH again.
How much is 1,000 XRP shares worth? ›
XRP to USD
| Amount | Today at 10:56 pm |
|---|
| 50 XRP | $24.80 |
| 100 XRP | $49.60 |
| 500 XRP | $247.98 |
| 1,000 XRP | $495.95 |
4 more rowsMay be it will be wise to hold atleast 1000 XRP for now that is $300 worth of XRP at $0.30 per unit. May be 5 years down the line it could again it all time high and still it will be a decent amount of money.
Can XRP reach $500? ›
Cryptocurrency analyst Shannon Thorp has made an audacious prediction, suggesting that Ripple's native token, XRP, could soar to over $500 in the future. Her reasoning is based on a recent report estimating that the total value of cross-border payments may reach an astounding $250 trillion by 2027.
Could XRP reach $300? ›
Most experts agree that Ripple's price can rise to the $250 range–$3 in ten years based on current predictions. According to Ripple Coin News, the price of Ripple might reach $30 in ten years. Smartereum is even more positive, predicting that Ripple will hit $250 to $300 in the next ten years.
Will XRP ever reach $20? ›
Medium-Term (2024-2025): Using the Elliott Wave Principle, XRP might see a price between $14 and $17, depending on market momentum. Long-Term (2030): Projected trends suggest XRP could reach above $20 per coin, depending on its adoption rate and market stability.
Can XRP go to $100? ›
Can XRP reach $100? Reaching a $100 price point would mean a market capitalisation of roughly $5.2 trillion for XRP, considering the current circulating supply of about 52 billion. This would be more than four times larger than the current value of all cryptocurrencies combined.
XRP temporarily surged to $50 on crypto exchange Gemini, which rocketed the token's market capitalization to trillions of dollars if only for a few minutes.
Could XRP ever reach $100? ›
It is highly unlikely for XRP to reach a price of $100 due to several factors, including market cap limitations, supply and demand, and other considerations. As of now, XRP has a significant circulating supply, which would require an extremely high market capitalization for it to reach such a price.
How many people hold 100000 XRP? ›
According to crypto analytics firm Santiment, the number of XRP holders that have anywhere between 100,000 and 1 mln tokens in their wallets has reached a new all-time high of 17,625. There are also 307 mega whales who hold over 10 mln tokens, down four holders from the September peak of 311.
What is the 1% of XRP holders? ›
XRP. Delving into the specifics, the top 1% of the XRP rich list, which amounts to 47,352 individuals, possess at least 69,409 XRP each.
How much XRP do you need to hold to be in the top 10%? ›
If you hold 2000 XRP, you're in the top 10% of accounts that hold that, and that's 400,000 accounts. If you hold 8000 XRP, you're in the top 5%. So what does it mean to be in the top 1%?
Can XRP go over $1000? ›
Plus, we've answered the question, "Can XRP reach $1000?" Overall, this is unlikely in the coming years. In order for Ripple to reach $10,000, it needs to have a much larger market capitalization.
