In a move that has sent shockwaves through the crypto community, Ripple CEO Brad Garlinghouse and the official Ripple account have adjusted their Twitter following counts to 589 and 985 respectively. This seemingly minor change has reignited the long-standing “589 theory” in the XRP community, sparking intense speculation about a potential $589 XRP price target. But is there any substance behind these numbers, or is this just another crypto mystery?
What is the 589 XRP price theory?
The 589 theory traces back to 2018 when a crypto influencer first speculated that XRP could reach $589. While never supported by concrete economic models, this figure has become symbolic of extreme bullish sentiment in the XRP community. The recent Twitter activity appears to deliberately reference this theory, with:
- Ripple CEO following exactly 589 accounts
- Official Ripple account following 985 accounts (589 reversed)
- Co-founder Arthur Britto breaking social media silence after 5,890 days
Why is the Ripple CEO’s Twitter move significant?
Brad Garlinghouse’s decision to adjust his Twitter following to 589 accounts has been interpreted by many as a potential signal. Crypto analyst AllinCrypto suggests this could be a coded message about XRP’s future price trajectory. The timing is particularly intriguing because:
| Event | Date | Significance |
|---|---|---|
| Twitter follows adjusted | July 2025 | 589/985 follows |
| Britto’s silent emoji post | June 23, 2025 | 5,890 days since May 8, 2009 |
Could XRP really reach $589?
While the 589 theory generates excitement, analysts caution that achieving this price would require:
- Massive global financial adoption of XRP
- Complete regulatory clarity
- Market capitalization in the trillions
- Fundamental changes to XRP’s circulating supply
Community member Lucy notes that while such numerical coincidences often serve as “Easter eggs,” they shouldn’t be confused with verifiable market indicators.
What does this mean for XRP investors?
The recent activity has created a mix of excitement and skepticism in the XRP community. While the symbolic gestures are intriguing, investors should remember:
- Ripple hasn’t made any official statements supporting the 589 theory
- Market fundamentals remain unchanged
- Extreme price targets require extraordinary circumstances
As always, thorough research and risk assessment are essential before making investment decisions.
Frequently Asked Questions
Q: What is the origin of the 589 XRP price theory?
A: The theory originated in 2018 from a now-deleted tweet by a crypto influencer suggesting XRP could reach $589.
Q: Why are people connecting Ripple’s Twitter follows to the XRP price?
A: The specific numbers (589 and 985) match the long-standing community theory, leading to speculation about intentional signaling.
Q: Has Ripple officially commented on the 589 theory?
A: No, Ripple hasn’t made any official statements supporting or denying the 589 price theory.
Q: What would XRP’s market cap be at $589?
A: At current circulating supply, $589 per XRP would mean a market capitalization exceeding $30 trillion.
Q: Should investors take the 589 theory seriously?
A: While interesting as community lore, investors should base decisions on verifiable data rather than numerical coincidences.
