As XRP continues to trade in consolidation, crypto investors are eyeing a possible rally that could push the asset to double-digit territory. Market analysts and long-term holders alike believe XRP is due for a significant move. If the price reaches $10, holders within the top 10% of the XRP rich list will stand to earn substantial profits.
Despite recent market stagnation, growing interest in altcoin season and declining Bitcoin dominance suggest that XRP may soon have its moment to shine.
XRP Enters Consolidation as Bitcoin Dominance Rises
The crypto market has entered another phase of consolidation, and XRP has followed suit, recently dropping to retest the $2.20 support level. The decline came after XRP failed to ride the momentum of Bitcoin’s recent surge, which propelled the leading cryptocurrency to new all-time highs last month.
While Bitcoin took centre stage, most altcoins, including XRP, were left behind. This divergence caused Bitcoin dominance to climb further, a sign that capital remains heavily concentrated in BTC. However, several analysts expect this trend to reverse soon.
Once Bitcoin dominance drops, they believe altcoins like XRP could experience significant inflows, leading to sharp price gains across the board.
Analysts Target $10 for XRP
With growing anticipation of an altcoin season, many analysts have begun projecting bullish price targets for major assets. One such analyst, DK64Trades, stated in April that XRP would “inevitably” break above $10, citing XRP’s dominance structure as a key indicator.
Similarly, George Tung, the founder of CryptosRUs, echoed this sentiment in a May interview. Tung predicted that XRP could hit $10 by the end of the year, describing the projection as realistic and even conservative given XRP’s historical price action and increasing utility.
At its current price of around $2.20, XRP would need to surge by approximately 354% to reach the $10 mark.
How Much Would the XRP Rich List Earn at $10?
The XRP rich list tracks the wealthiest XRP holders, with the top 10% currently beginning at 2,480 XRP tokens. Community influencer Edoardo Farina has long encouraged XRP investors to accumulate at least this amount to secure a spot among the top 10%.
At today’s price of $2.20, 2,480 XRP tokens are worth $5,456. If XRP hits $10, those same tokens would be worth $24,800, delivering a gain of $19,344.
However, it’s important to note that 2,480 tokens represent the minimum requirement to enter the top 10%. Many investors in this group hold significantly more. For instance, holders with 8,770 XRP, another common benchmark on the list, currently possess about $19,294 worth of XRP. If the price reaches $10, their holdings would soar to $87,700, offering a net profit of over $68,000.
These figures underscore the potential wealth creation opportunity for long-term holders if XRP fulfils analysts’ projections.
Why XRP at $10 Could Be More Than a Dream
While sceptics view the $10 price target as overly optimistic, XRP’s past performance and fundamentals suggest otherwise. The asset has a history of explosive rallies, especially during periods of favourable regulatory and partnership news. As Ripple expands its presence in global financial markets and continues to win legal clarity, more institutions and retail investors could turn to XRP.
Moreover, with discussions surrounding central bank digital currencies (CBDCs), on-demand liquidity, and the tokenisation of real-world assets, XRP’s use cases are becoming increasingly relevant. These factors could play a pivotal role in pushing XRP toward—and beyond—the $10 milestone.
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Final Thoughts
XRP may be trading sideways for now, but analysts remain optimistic about its long-term outlook. For investors within the top 10% on the XRP rich list, a price surge to $10 could deliver life-changing gains. Whether holding 2,480 XRP or significantly more, the next move could determine who capitalises on the altcoin breakout that many believe is just around the corner.
