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xrp $589 theory pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

Will the launch of XRP push the price of XRP to $589?

The most likely out of these three is that the launch of xRapid will push the price of XRP to $589. xRapid is Ripple’s fastest product till date for cross-border transactions and utilizes XRP as a bridge currency for transferring between borders.

What is the $589 theory?

Primarily, the $589 theory has 3 possibilities of occurring, according to the XRP community. The first and most widely discussed method is that the launch of xRapid will push the price of the coin due to a huge increase in trading volume. Second is that the increased burn of XRP as fees in this trading volume will drive the price.

How much is XRP worth?

XRP Was Designed for $10,000. When XRP was created, it was designed to be a replacement for both institutional and retail financial systems in every market around the world. How do we know this? An examination of how XRP is constructed makes this evident. A somewhat famous quote from Ripple Labs co-founder Arthur Britto provides a tantalizing clue.

Why do exchanges prefer to use XRP from market makers?

Now, the exchanges will prefer (at first) to use the XRP from Market Makers to increase the price of the XRP Coin. Why do Isay this?

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