The Researcher Warns Not to Hold $XRP

The recent increase in XRP wallet activity has prompted market observers to issue warnings to those who are still on the sidelines. Rob Cunningham, a market researcher and writer, has argued that not investing in XRP at this stage could prove to be a significant miss out opportunity, especially as adoption metrics continue to strengthen. Growth in Wallets Holding 10,000 XRP and Above According to on-chain data from Glassnode, the number of wallets holding at least 10,000 XRP tokens has surpassed the 300,000 mark for the first time. This milestone indicates a significant increase in the number of larger holders, despite the ongoing volatility in the broader cryptocurrency market. This asset has struggled to maintain support above the $2.2 mark, with four consecutive days of price declines from May 2nd to May 5th. Although XRP has seen a modest recovery on May 6th, it still remains under pressure below $2.2, frequently alternating between resistance and support roles. Despite this uncertainty, the significant increase in the number of holding addresses indicates that many investors are taking advantage of the current price to accumulate more XRP. Community Comments on Whale Behavior Software engineer and prominent member of the XRP community Chad Steingraber has highlighted the increasing number of whale wallets as a sign of growing investor confidence. He believes that this trend, if maintained, could create upward pressure on the value of the token in the coming months. To respond to these developments, Cunningham has conducted an analysis of wallet distribution supported by AI. He estimates that out of 300,000 wallets, a significant portion may belong to the same individual. According to his calculations, the actual number of unique wallet holders with 10,000 XRP or more may be close to 200,000.

Early Adoption Shows There Is Room for Development Cunningham emphasized the relative scarcity of XRP holders with high balances compared to the global adult population. His estimates indicate that only about 0.0032% of adults are currently holding 10,000 or more XRP tokens. According to him, this low penetration rate reinforces the argument that the token is still in the early stages of the adoption process, even after more than a decade since its inception. From his perspective, this lack of representation highlights a point about the potential for new investors. Cunningham argues that individuals who are not exposed to XRP will be at a disadvantage, especially if predictions about the future valuation of this asset turn out to be accurate. According to him, "the worst place for anyone right now is No wallet and No XRP." Price Forecast Drives Optimism Some analysts continue to share optimistic long-term price targets for XRP. Last month, market commentator Cryptominder predicted that XRP could reach $50 by 2030, an increase of over 2,200% from the current trading price of $2.13. Other analysts are even more optimistic, suggesting that a valuation of 100 dollars is possible within this decade, thanks to increasing adoption and clear regulatory prospects. As the market watches the subsequent developments, the increasing interest in XRP from larger holders may serve as a signal for retail investors to evaluate whether to participate or expand their positions.