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Holding 10,000 XRP: Advice from Experts or Unrealistic Strategy?
Entering 2025, the cryptocurrency community is placing high expectations on XRP, one of the most popular digital assets. However, recent market analysts have recommended XRP investors to reassess their holdings to prepare for potential upcoming changes. Call for action from XRP experts Edo Farina, founder of Alpha Lions Academy, has caught attention with a bold statement on Twitter, recommending that anyone who does not own at least 10,000 XRP may be making a big mistake in life. According to Farina, this amount of XRP is the minimum necessary to take advantage of the long-term growth potential of this currency, especially when the current price of XRP is still considered relatively "cheap". Not only Farina, but other famous investors in the cryptocurrency community, like The Crypto Asset Guy, have also emphasized that holding 10,000 XRP can turn investors into millionaires if this currency reaches $100 in the future. The cost to own 10,000 XRP As of now, XRP is trading at $2.07. At this price, to buy 10,000 XRP, an investor needs to spend about $20,700. Although this amount may be considered "small" compared to the long-term potential, for many retail investors, this is not a small investment. For example, investor TJ Glen, a long-time holder of XRP, shared that she is not able to afford a large amount of XRP at the current price. Glen bought XRP when it was only $0.27 and then $0.52. However, with the current price above $2, she feels "about to be eliminated from the game." “I can only buy a little more at a time, and I think I'm safe even if I don't reach 10,000 XRP,” Glen expressed. XRP Wallet Allocation: Who is Holding 10,000 XRP? Data shows that the majority of XRP wallets do not reach the 10,000 XRP milestone. Out of 5.8 million XRP wallets, only about 429,000 wallets (7.4%) hold at least 10,000 XRP. In total, this group of investors controls 1.42 billion XRP, which is a small portion of the circulating supply. On the contrary, the majority of XRP wallets (5.37 million wallets) own less than 5,000 XRP, proving that the goal of 10,000 XRP is a significant challenge for most investors. Is XRP really the "treasure" of the future? Over the past seven years, XRP has mainly traded in the range of 0.40 to 0.50 USD. Despite many optimistic predictions, the prospect of XRP reaching 100 USD is still purely speculative. Investors need to carefully consider the potential risks, especially in the context of the highly volatile cryptocurrency market. Conclusion Owning 10,000 XRP may be an ambitious goal for many people, but it is not the only choice to participate in the growth potential of this asset. Although this number may present significant financial opportunities, investors need to consider their personal financial ability and conduct thorough research before making a decision. DYOR! #Write2Win #Write&Earn $XRP {spot}(XRPUSDT)