I recently saw an update to the XRP rich list data and found that the threshold for entering the top 10% of holders has actually dropped. A year ago, you needed 3,300 XRP to make it into the top tier of holders; now, just 2,350 is enough. At first glance, the threshold has decreased—but the reasons behind it are actually quite interesting.

Over the past year, the number of XRP wallet holders has surged from 5.2 million to 7.8 million. With so many new addresses pouring in, it effectively lowered the definition of “rich.” However, if you want to get into the top 1%, the challenge is still very high—you need to hold at least 50,000 XRP. As of now, only a little over 70,000 wallets have reached that level.

Some analysts believe that as major institutions like Grayscale and JP Morgan show increased interest in XRP, once institutional capital moves in at scale, it could further tighten supply and push prices higher. Some people even speculate that if XRP reached Bitcoin’s market-cap scale, the price could climb to $35 per coin. But of course, all of this is still speculation—there are too many market variables.