A financial expert recently highlighted what she believes could be the most plausible explanation for XRP's controversial 589 number.
The number 589 has become a controversial and symbolic number in the XRP community, leading to speculation such as: price prediction To the hidden meaning. Linda P. Jones recently discussed a theory linking this number to international monetary standards.
The origins of the 589 story date back to 2019, when it emerged as a speculative prediction that the price of XRP would soar to $589. Proponents suggested the uptick could result from adoption by financial institutions, a major regulatory milestone, or a broader financial reset.
Although the price prediction did not materialize, number 589 continues to spark debate among XRP supporters, often as a meme or cult symbol. Recently, XRPL validator Vet I felt stressed It is not an actual price target, just a reflection of addressing the challenge.
XRP international currency code theory
In his latest comments, Jones noted: post made Community commentator Sandy discusses a possible connection to the ISO 4217 monetary standard. The data backs it up number 589 is not currently assigned to the list of globally recognized currency codes.
If you're wondering what 589 means, this is the best explanation I've seen so far. Is it the number of a currency that starts with P, such as Palau? #XRP https://t.co/kRVxjRMCAC
— Linda P. Jones (@LindaPJones) December 5, 2024
Sandy suggested that this unassigned status could mean future collaborations with assets like XRP and Ripple. The upcoming stablecoin, RLUSD. If this is accurate, XRP could receive level of Unprecedented regulation and global financial recognition of crypto assets.
In addition, Ripple CEO Brad Garlinghouse persistently maintained that's right He has 589 following accounts on X (Twitter). This has further fueled speculation that Ripple has the potential to: hint In the broader sense of this number.
Sandy argued that such a link could pose legal risks, especially given Ripple's ongoing efforts. legal battle The number 589 is exactly mere Speculation. Legal issues could arise if regulators observe that Ripple supports speculative theories for market manipulation.
Possible loophole
However, currency code theory misses an important point. In particular, the ISO 4217 standard alphabetically assigns numeric codes to internationally recognized currencies, such as 576 for the Norwegian krone, 586 for the Pakistani rupee, and 590 for the Panamanian balboa.
Logically, any currency that uses 589 slot you would need to do that It suggests that it should be alphabetized between Pakistan and Panama and start with 'P'. This complicates the theory relating this number. XRPIt starts with “X” unless Ripple introduces a currency that meets the criteria.
Historical background behind the number 589
For the uninitiated, the XRP 589 number became popular in the following way. combination of Speculation and viral content. One infamous example is simpsons Shaw claims to have predicted XRP reach $589 until end given year.
Despite these explanations, the most grounded interpretation of 589 comes from Ripple's actual ambitions. Early predictions tied this number to Ripple's xRapid platform. However, all these theories all They have a loophole that leads to the firing of a mysterious person.
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