XRP has been on a roll since late 2024 and is trading higher than it has for most of its history. The recent price surge showed investors that they should have gotten in early, but with the asset still below its all-time high, there’s still room for accumulation. The digital asset began trading in November at $0.5092, with 1,000 XRP going for $509.2. The digital asset is now trading at $2.7, putting a 1,000 XRP investment at $2,700—almost 3x its price last year. Limited Large-Scale Adoption Edoardo Farina, a prominent crypto CEO and expert, recently called on everyone to hold at least 1,000 XRP , and the asset’s recent performance and potential for growth reinforces this sentiment. However, recent data from the XRP Rich List shows there is still room for larger-scale adoption. Among the 6.1 million existing XRP wallets, approximately 938,123 contain holdings of 1,000 XRP or greater. 84% or 5.18 million accounts, maintain balances below this threshold. These statistics are particularly noteworthy compared to Bitcoin’s broader market penetration, encompassing more than 460 million addresses. Accumulating at least 1,000 tokens now would put investors in an exclusive class, and many other reasons support fast accumulation. Institutional Development and Regulatory Progress The cryptocurrency landscape has witnessed increased institutional engagement with XRP. Several prominent asset management firms have submitted applications for spot XRP ETFs. The U.S. Securities and Exchange Commission (SEC) has formally acknowledged submissions from Grayscale and 21Shares, while Cboe BZX has facilitated 19b-4 filings for multiple organizations, including WisdomTree, Bitwise, and Canary Capital. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Recent changes in SEC leadership have generated optimism regarding potential ETF approvals, and acknowledgment of these filings is the first step toward that goal. Government Interest in XRP Recent developments also suggest that the U.S. Government is interested in digital assets. A recently signed executive order established a working group dedicated to examining digital asset regulation and the possibility of a U.S. crypto reserve. Industry observers note that XRP’s status as a prominent American-developed digital asset could position it favorably for inclusion in any future government reserve. An Upcoming XRP Bull Run Additionally, crypto analysts have made multiple bullish predictions for the digital asset. EGRAG CRYPTO, a prominent analyst, has predicted a rise to $15 by March 10, a potential subsequent climb that could send XRP as high as $27 . This target is 10x the asset’s current price and would turn a modest investment into significant profit. Follow us on Twitter , Facebook , Telegram , and Google News The post Every Investor Should Hold At Least 1,000 XRP. Here’s Why appeared first on Times Tabloid .
