With XRP moving sideways around $1.40, market attention is focusing on what it takes to join the ranks of the top 1 percent of holders.

On Feb. 20 (local time), blockchain media outlet The Crypto Basic presented 46,426 XRP as the entry threshold for wallets in the top 1 percent by holdings. Out of 7.64 million XRP holders, only 76,412 wallets meet that threshold.

At current XRP prices, buying 46,426 tokens would require about $64,996. If XRP reaches $10, the value of that holding would rise to $464,260. That implies an investment of about $65,000 could expand to a valuation close to $500,000 if the price rises.

The entry threshold for the top 5 percent is 7,745 XRP, and 382,056 addresses fall into that category. Assuming an XRP price of $1.40, buying 7,745 tokens would require about $10,843, and the value would rise to $77,450 if it hits $10. The top 10 percent threshold is 2,231 XRP and includes 764,111 wallets, with a holding that can be bought for about $3,123 now valued at $22,310 at $10.

Most XRP holders appear to hold only small amounts. Of the total 7.64 million wallets, 3,707,244 hold 0 to 20 tokens, and 2,549,199 hold 20 to 500. Considering this distribution, an interpretation has emerged that most holders face a structure that makes it difficult to enter the top-holder brackets.

The "top 1 percent" threshold is used more as a psychological milestone in the market than as a number itself. As the XRP price moves, the amount of funds needed to secure the same holding can change significantly, and efforts to calculate holdings thresholds together with price scenarios are continuing.

The wallet distribution shows XRP has an overwhelming number of small holders, while the number of wallets in the upper brackets is relatively limited. Because of this, the market is also watching the possibility that supply and demand and volatility could respond more sensitively when accumulation and distribution flows appear among large-holding brackets.

Ultimately, the "top 1 percent" figure is one slice of XRP’s holding structure. Whether the number of wallets in the upper brackets increases along with future price moves, and how the holding distribution changes, is expected to emerge as a market interest indicator.