The crypto market is reeling from a widespread downturn, triggered by anxieties surrounding U.S. President Donald Trump’s latest tariff pronouncements. Amid this global financial panic, which has wiped $310 billion from the total crypto market cap since April 5, XRP has suffered a significant blow, but an intriguing side effect has emerged for potential accumulators.
XRP’s price has cratered, dropping a staggering 22.74% since Sunday, including a sharp 12.73% fall this morning alone. This rapid descent has erased approximately $27.1 billion from XRP’s valuation, pushing its market cap below the $100 billion threshold for the first time since reclaiming it in November 2024.
Perhaps most critically for chart watchers, XRP has breached the pivotal $2 psychological support level. While many analysts warn that losing this mark could pave the way for steeper declines, others are highlighting an unexpected consequence: the cost of entering the XRP rich list has dramatically decreased.
Discounted Entry to the XRP Elite
Community-driven data reveals the thresholds for joining the ranks of top XRP holders. To enter the top 10%, an investor needs to hold at least 2,500 XRP.
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At XRP’s mid-January peak of $3.40, acquiring this amount cost $8,500.
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When XRP traded at $2, the cost was $5,000.
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Now, with XRP at $1.68, the same 2,500 tokens require just $4,200 – less than half the price at the peak.
The discount becomes even more pronounced further up the list:
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Top 5%: Requires holding 9,000 XRP. This cost $30,600 at the $3.40 peak. At the current $1.68 price, the cost has plummeted by over
15,400to∗∗15,400 to **15,120**.
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Top 1%: Requires 51,861 XRP. Valued at $176,327 when XRP hit
3.40,thisamountcannowbeacquiredfor∗∗3.40, this amount can now be acquired for **87,126** at the current price – a massive discount exceeding $89,000.
Contrarian Buying Emerges Amid Fear
This significant price reduction hasn’t gone unnoticed. Despite heavy selling pressure, particularly noted from Korean traders, reports indicate that some traders on major exchanges like Binance and Coinbase are actively placing buy orders at recent lows, such as $1.90 and $1.85.
This “buy the dip” activity reflects underlying optimism about XRP’s recovery potential. Market commentators like Oscar Ramos continue to advocate for accumulation during downturns. Adding fuel to this optimistic fire, analyst EGRAG recently suggested that despite the crash, XRP remains in a bull run, projecting potential future surges of 1,000% or even 2,700% from its current levels.
