The XRP 589 Theory: Myths, Facts, and Market Insights

In this video, I delve into the intriguing world of the XRP 589 conspiracy. Where did this theory originate, and what are the various perspectives surrounding it? I’ll explore the different narratives that have emerged in the crypto community and analyze how likely it is for XRP to reach the infamous $589 mark.

Using my technical analysis expertise, I’ll also provide insights into XRP’s price movements and market trends, helping you understand the broader implications of this conspiracy on the crypto landscape. Whether you’re a seasoned trader or just getting started with XRP, my goal is to equip you with valuable insights that resonate with all crypto enthusiasts.

This video is for entertainment purposes and does not qualify as financial advice.

Timestamps:
00:00 Intro
02:40 Bearableguy123 Photo
04:53 XRP 589 Theories
33:#6 Outro

⚠ DISCLAIMER: Trading profitably is difficult. Make sure to do your own research and understand the risks before trading with leverage. Trade profitably on spot before advancing further.

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DISCLAIMER: The content of this video is not financial advice. You should not make any investments based on this video. I am not liable for any losses you may incur when trading crypto. Always do your own research.

Tags: XRP analysis, XRP price prediction, XRP 589 conspiracy, XRP technical analysis, XRP market trends, XRP trading, XRP future outlook, XRP updates, XRP support and resistance, XRP bull run, XRP trading signals, XRP investment strategy, crypto conspiracy theories, cryptocurrency trends 2024, XRP 2024 forecast, XRP insights, XRP future trends, XRP price movements, XRP price speculation

[RyanTheRedeemed]

XRP is a commodity, a utility. Does not need to reach any particular market cap for its value to go up. The value is in how it will be used in the near future.

[allisonmark]

Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, made 24k from trading last month and am so happy about it.

[heyjude]

Love your content and the personal aspect you bring to the especially. I appreciate the combination and its very refreshing. God bless and thank you for the great information :)

[williamtell]

An MIT economist proposed a similar valuation for XRP. The economist reportedly used the "Bakus Pipeline Flow Model" to arrive at a value of just over $589, 000 per XRP coin, based on the assumption that XRP could support the entire financial system.

[munthermegdadi]

I am convinced somehow that the price of crypto is not tightly related to total market value but emotional value. With that in mind, XRP can reach the price of BTC and more. The $589 maybe the price that all countries can afford to standardize their financial systems on it. Just thinking out loud!

[ozsalt]

You're one of VERY FEW saying it how it is . Well done brother. ❤❤❤

[lilyhopkins]

Xrp will go over $10k! XRP will be applied in every field every country and every currency! Think about it: how much money in real estate? How much money in USA deficit? All will go to XRP!

[michaeldrum]

The part your missing is with the Bricks and usa going to the gold standard the price of gold and other precious metals would go way up. Making the money backed by precious metals worth more.

[ewetoobblowzdogg]

An MIT economist did the math for XRP if it were to support our entire system. The number he came up with was just over $589, 000 per coin. Coincidence?

[mikegleasonjr]

The initials of Bearable Guy are the same as Brad Garlinghouse.

[suzannequereau]

The term "Opencoin" is historically linked to Ripple, the company behind the cryptocurrency XRP. Ripple was originally founded in 2012 under the name Opencoin

[kstandi]

Xrp is not a security no market cap it has a spot price

[xpr]

XPR!!! ⚛️ Is chosen currency.. mark my words

[charlesloring]

$589 represented the value of a coin if the WORLD debt (at the time of calculation) was placed entirely on the XRPL. It was straight specultion then and irrelevant now.

[billmcallister]

XRP will become the new gold standard then silver will become worth more than gold

[bamidbar]

ONLY THE BEGINNING FOR XRP
WE ARE JUST WARMING UP
XRP WILL BE HUGE
LITERALLY THE WHOLE WORLD TALKING ABOUT XRP AND BUYING IN 💪🏽💪🏽

[C.Hobbs]

Brad Garlinghouse has a following count of 589 on X 😉

[GodzHammer]

When you say these high price points are unrealistic in today’s money supply - are you also taking into account massive XRP burns that will occur when gas fees go into effect?

[earthqwest]

if XRP is a "commodity" (currency in its own categorie), there is no market cap, just like oil or gold..

[Darknight-wtul]

FYI....the Macintosh PowerBook 3400c first came out in Feb really weird about email in video.