I saw an interesting stat about XRP distribution. Apparently, the threshold to enter the top 10% of holders has significantly decreased: it now takes 2,350 XRP compared to 3,300 a year ago. Why? Simply because the number of XRP wallets has exploded, going from 5.2 million to over 7.2 million in one year. What’s crazy is that even with this massive increase in addresses, the top 1% remains highly concentrated. To be in it, you still need at least 50,000 XRP, and only 71,000 wallets meet this criterion. The XRP rich list thus shows a distribution that is becoming more democratized at the bottom but remains very hierarchical at the top. Analysts talk about growing institutional interest that could tighten the available supply. If that really materializes, it would change the dynamics. Some even estimate that if XRP reached Bitcoin’s market cap, the price could flirt with $35. It remains to be seen how it evolves.

XRP continues to move in a challenging territory. Currently at $1.43, the coin barely manages to maintain stability after falling nearly 30% since the beginning of the year. Most traders focused on XRP's target price only see red numbers in the short term, but there is something happening behind the scenes that could change the narrative. Denis Angell, a key developer of the XRP Ledger, revealed in early April that there are six active workflows transforming the network's core infrastructure. They are not flashy features or AI promises. It’s tedious rebuilding work: telemetry, type security, repository restructuring, documentation. Angell described it as "I've never been more excited about core development," and the reason is clear: they are strengthening the foundations, not adding decoration. This distinction matters because it defines long-term competitiveness. The current market is in extreme panic, but historically, those moments precede sharp reversals. Immediate support is at $1.27-$1.29, with the 50-day moving average acting as resistance at $1.40-$1.42. If they break that zone, the next target would be $2.04 according to analyst consensus, although it would require sustained buying pressure that is not currently seen in volume. What’s interesting is that while XRP tests critical levels, the risk-reward profile for early stages is being reconsidered. Bitcoin Hyper, a Layer 2 of Bitcoin with Solana’s virtual machine, is accumulating $32 million in pre-sale at just $0.013678 per token, offering sub-second finality and low-cost smart contracts anchored to Bitcoin’s security. For those seeking a different asymmetry, the proposal is genuinely distinct. But returning to XRP: the short-term target price depends entirely on market timing. The ongoing technical updates are critical, but the market only values what it sees today. The challenge is whether these developments can translate into a price recovery before panic deepens.

I noticed that Stellar (XLM) is currently trading around $0.18, and it's interesting because there's a real resistance at $0.183 that has been holding for a while. If XLM manages to break through it, analysts talk about a potential push up to $0.23, which would be a nice increase of about 25%. But, this resistance level has shown its strength several times in recent weeks, so it's not a sure thing. What's curious is that XLM closely follows the movements of XRP and Bitcoin. Right now, BTC just tested $77.97k and XRP is at $1.44. If these two major assets manage to break their own resistances, there's a good chance Stellar will follow the trend. However, the RSI indicators for all three assets are in neutral zones, so no one is really overbought or oversold at the moment. The question I ask myself: will XLM really rebound or is it just noise? Since it's trading higher than its levels from the past few months, unlike BTC and XRP, the momentum might be weaker. In my opinion, we should mainly watch Bitcoin and XRP to see where things are really headed.