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Recently, the members of the XRP are divided into two: those who accept Bearableguy's theory123 and those who do not accept it. The philosophy of interest is if the XRP value will rise to $ 589 within the next three months. Distributed by a part labeled Bearableguy123, this prediction has divided the previously unified XRP community based on opinions whether or not it takes place.
Bearableguy123 is thought to be an XRP member, which offers cryptic signs on the value of money. He made several forecasts in the last twelve months, referring to collaborations between different companies and Ripple that have come true.
His forecasts also include price trends on specific days and general information on when to invest in XRP.
The probability of the $ 589 Theory Being Fulfilled
Basically, the $ 589 forecast has three probabilities of transpiration. The first common point of view is that the launch of xRapid will bring the value of the currency upwards due to a sharp increase in the volume of trade.
The second point of view is that the intense XRP burn due to the high volume of trade will push the price up.
Finally, there are supporters who claim that 58.9 is the atomic mass of Cobalt, a name of a version that is believed to change the operating speed of XRP.
The higher probability
The most likely of the three is that the launch of xRapid will positively bring the price of XRP to $ 589. xRapid is the fastest XRP product so far for cross-border transactions and applies XRP as a bridge cryptocurrency to facilitate cross-border transactions.
Bearableguy123 YouTube channel did the calculations of what will transpire after the launch of xRapid. He worked out the average daily change and the average daily volume of XRP and found 7.25% and $ 191 million in this order.
He went further to theorize what the value of XRP would be if Ripple captured the 1%, 5%, 10% and 100% of the current incumbent, SWIFT's market share.
In conclusion, it is impossible for the value of XRP to rise to $ 589 within three months, considering the different requests that must be met before the value increases exponentially. Furthermore, the launch of xRapid will not automatically determine the value of XRPs at an instant, since the various regulatory circuits must be satisfied before XRP is used to the maximum for cross-border transactions.
