Is $589 XRP Price Truly Coded? Ripple and Garlinghouse’s Recent Action Sparks Speculation
Main Idea
The article discusses speculation around the potential for XRP to reach $589, fueled by symbolic actions from Ripple's CEO and co-founder, but notes the lack of verifiable economic models supporting this price target.
Key Points
1. Ripple CEO Brad Garlinghouse and Ripple's Twitter accounts changed their following counts to 589 and 985, sparking speculation that $589 could be a coded price target for XRP.
2. The number 589 gained traction in 2018 as a symbol of extreme long-term optimism for XRP, though it lacks verifiable economic backing.
3. Community reactions are mixed, with some viewing the numerical coincidence as hype, while others see it as a potential signal.
4. Arthur Britto, a Ripple co-founder, broke his silence with an emoji post on June 23, 2025, which coincided with 5,890 days since May 8, 2009, adding to the speculation.
5. Analysts caution that reaching $589 would require a dramatic market transformation, given XRP's current trading price and market dynamics.
Description
Crypto analyst AllinCrypto recently drew renewed attention to the long-standing “589” theory within the XRP community after observing a notable change in the social media activity of Ripple CEO Brad Garlinghouse and the official Ripple account. According to AllinCrypto, both accounts have altered their Twitter “following” counts to 589 and 985, respectively. While these numbers have held symbolic weight within the XRP community for years, the timing and coordination between the CEO and the compa...
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