Beyond Bitcoin: The Ultra-Wealthy Are Quickly Accumulating XRP, Says CEO

Jake Claver, the CEO of Digital Ascension Group, emphasizes that wealthy families are increasingly investing in XRP, highlighting the rarity of XRP ownership among the general public. As interest in cryptocurrencies grows, particularly with the developments around ETFs, Claver’s insights pave the way for understanding the shift in investor behavior towards digital assets.

Key Takeaways

Ultra-wealthy families are significantly investing in XRP, seeing it as a form of wealth protection rather than a quick profit.
XRP ownership is limited, with only about 8 million wallets on the XRPL, making existing holders rarer than they realize.
Claver predicts XRP could reach a price of $10,000 by late 2026 or early 2027, depending on infrastructure development for the XRPL.
The rising popularity of Spot XRP ETFs, now nearing $1 billion in assets, suggests growing institutional interest in XRP.

XRP

Wealthy Families Quietly Accumulating XRP

Jake Claver pointed out that current XRP ownership is quite scarce compared to the global population. Presently, there are approximately 8 million wallets on the XRP Ledger (XRPL), with about half holding fewer than 100 XRP. This statistic indicates that holders of XRP are much less common than they might think, especially when compared to the extensive ownership of Bitcoin. Claver believes that XRP is still in the early stages of adoption.

The affluent families entering the XRP market are not in pursuit of quick financial gains. Instead, they view XRP as a protective measure for their existing wealth. Claver describes their strategy as a hedge, indicating a desire for an asset that remains unaffected by traditional market fluctuations.

XRP Price Chart
XRP currently trading at $2.02. Chart: TradingView

Claver’s $10K Price Target and Key Conditions

When queried about the future price of XRP, Claver expressed an ambitious prediction of $10,000 per XRP by late 2026 or early 2027. He elaborated that this forecast hinges on the level of ecosystem infrastructure becoming operational on the XRPL in the next two years.

For this price to materialize, the XRPL will require essential institutional utilities, such as XRP treasury systems, the launch of Evernorth, mechanisms for on-chain borrowing, and updates to the XRP Ledger that introduce enhanced compliance and smart contract capabilities.

Claver's forecast is based on the premise that increased activity on the network will necessitate higher liquidity, and that price stability in the four- to five-figure range can only be attained if the ledger is capable of accommodating large-scale financial transactions. Furthermore, he highlighted that the growth of ETFs could influence supply and demand dynamics significantly, especially as the adoption of ETFs leads to more XRP being locked into long-term institutional products.

As it stands, Spot XRP ETFs are approaching a total of $1 billion in net assets, which could be surpassed shortly. Since their launch, these funds have absorbed approximately $897.35 million worth of XRP from exchanges and over-the-counter desks with no recorded outflows yet.

This surge in demand correlates with a subtle transformation occurring within institutional investing, a trend that Ripple’s CEO, Brad Garlinghouse, has recently noted. Garlinghouse stated that Ripple Prime is experiencing considerable activity as institutions, which previously refrained from participating due to regulatory uncertainties or risk aversion, start to engage in the market.

Featured image from Unsplash, chart from TradingView