40% More Crypto Millionaires as XRP Eyes $5 Breakout

Crypto Millionaires Laugh all the Way to the Bank

Coin Bureau reports crypto wealth is exploding with 241,700 investors now holding over $1M in digital assets, a 40% surge in just a year, marking one of the fastest wealth booms in crypto history.

Bitcoin’s scarcity and rising institutional adoption have solidified its status as digital gold, anchoring the market’s momentum. Ethereum drives utility through its booming DeFi and NFT ecosystem, while XRP’s legal clarity and cross-border efficiency are drawing fresh waves of capital and users.

Once dominated by early adopters, today’s bull cycle has expanded the winners’ circle. Driven by sustained BTC rallies, ETF and institutional inflows, DeFi recoveries, altcoin rotations, and rising retail demand in emerging markets, this wave is minting a broader, younger, and wealthier class of crypto holders than any previous cycle.

XRP Consolidates in Tight Triangle: Market Awaits Breakout Move

According to crypto analyst Paul Bennett, XRP is currently trading in a tense consolidation phase, moving within a narrow band of $2.70 to $3.00. 

The price action has formed what technical traders identify as a symmetrical triangle, a pattern often preceding a decisive breakout. With volumes thinning out and traders largely on the sidelines, the stage is being set for XRP’s next big move.

The immediate focus is on the resistance zone between $2.90 and $3.00. This ceiling has capped recent rallies, and a clean break above it could serve as the spark for a fresh upward surge. 

If momentum builds, Bennett suggests XRP could target $3.30 to $3.50, with the possibility of stretching as high as $4.50 to $5.00 in the event of a strong rally fueled by renewed market enthusiasm.

Therefore, the triangle formation signals coiled market energy. A breakout above resistance could draw in sidelined buyers and speculators, fueling rapid gains. Such setups often mark a market ‘catching its breath’ before a decisive, powerful move in either direction.

However, risk remains if XRP slips below the $2.30–$2.50 support because selling pressure could accelerate, signaling fading bullish conviction and forcing short-term traders onto the defensive. 

At the time of this writing, XRP was trading at $2.86 per CoinGecko data.

Conclusion

The surge past 240,000 crypto millionaires signals more than rising balances, it marks a turning point in global finance. As blockchain matures and digital assets gain legitimacy, the rules of wealth creation are being rewritten.

Meanwhile, XRP’s consolidation within the $2.70–$3.00 range has created a tense standoff between bulls and bears. With resistance looming at $3.00 and critical support anchored near $2.30, the market is bracing for a breakout that could define XRP’s trajectory in the weeks ahead.