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HomeCrypto NewsMarketExperts Make a Case for XRP $589 Goal Amid Recent BTC Forecast

Experts Make a Case for XRP $589 Goal Amid Recent BTC Forecast


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The argument for XRP’s rally to the lofty $589 goal recently re-emerged.

XRP remains one of the major crypto assets with promise, according to industry leaders. Notwithstanding, forecasts of the asset’s rally to a $589 price have been dismissed as wishful thinking. These speculations recently re-emerged amid predictions of a Bitcoin (BTC) surge to $1 million in 90 days.

Bitcoin’s impressive momentum and the surge above $28,000 reignited optimism among investors, with Balaji Srinivasan, ex-Coinbase CTO, predicting BTC could rise to $1 million in 90 days.

Recently, David Gokhshtein, former United States Congressional candidate, made a case for XRP’s $589 goal following Srinivasan’s forecast. According to Gokhshtein, if these predictions of BTC hitting $1 million could find their way into the crypto space, why are forecasts of XRP reaching $589 summarily dismissed?


Nonetheless, Gokhshtein has clarified that he is not seeking to bring up reasons to back up the XRP forecasts, noting that he only seeks to point out the disparity in reception regarding both predictions.

Gokhshtein dismissed the narrative that Bitcoin could hit $1 million in 90 days. He believes BTC is incapable of reaching that milestone, especially in such a short period. However, responding to him, some enthusiasts asserted that it could be possible.


Bitcoin to $1M: Possible or Wishful Thinking?

Recall that Srinivasan had opted to bet on a stance from pseudonymous Twitter personality James Medlock that the U.S. would not reach a stage of hyperinflation.

Srinivasan noted that he would send Medlock $1 million while Medlock purchases 1 BTC. Srinivasan argues that the 1 BTC will be worth $1 million in 90 days. That’s a 3,482% appreciation from Bitcoin’s current $27,916. Most proponents remain skeptical of this prediction.


Notably, the idea that XRP could potentially hit $589 sprang up last year amid the circulation of a fake Simpson image. The image depicts Bart Simpson scribbling “XRP to hit $589+ by EOY” on a board. The show is famous for making subtle predictions, some of which have materialized.

The image claims that the episode containing the XRP prediction aired in 2020, but this has been debunked. This still did not stop some enthusiasts from riding along with the forecast. XRP would need to surge by 154,452% from its current value of $0.3811 to $589. Numerous proponents have mentioned that this is impossible.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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