XRP News Today: Ripple CEO and XRP Community Spark $589 Price Speculation

Ripple CEO Brad Garlinghouse and the company’s official X account have recently made coordinated changes to their social media "following" counts, sparking renewed speculation around the $589 price target for XRP. According to crypto analyst AllinCrypto, Garlinghouse set his following count to 589, while Ripple’s account set its at 985. Both numbers hold symbolic significance within the XRP community. The number 589 first gained traction in 2018 after being mentioned in a now-deleted tweet predicting XRP could reach that price, though it was never backed by a verifiable economic model [1]. Since then, the figure has become a symbol of extreme long-term optimism about the asset’s potential.

The timing and coordination of the profile changes suggest intentional messaging. Arthur Britto, one of Ripple’s co-founders and a key architect of XRP, also contributed to the narrative. Britto, who had maintained a near-complete absence from public platforms for years, posted a silent emoji on June 23, 2025. The post, devoid of text, received over 3 million views and drew significant attention from XRP observers [1]. Notably, crypto commentator NotFinancialAdvice highlighted that June 23 marked exactly 5,890 days since May 8, 2009—the day XRP’s codebase was first developed [1]. This coincidence has led some to interpret it as a potential signal, though no official explanation has been given.

Community member Lucy offered a more measured view, suggesting that while such numerical changes are often interpreted as “Easter eggs” or “hidden signals,” they are more likely expressions of sentiment and hype [1]. She noted that for XRP to reach $589, it would require a dramatic increase in market capitalization, widespread global adoption, and regulatory clarity—none of which are currently in place. Her comments reflect a broader skepticism among analysts who recognize the symbolic nature of the 589 theory but remain unconvinced of its feasibility.

Despite the absence of any official statement from Ripple confirming a link between the actions and the $589 price target, the cumulative effect of Garlinghouse’s profile changes, Britto’s return to public view, and the renewed focus on the 589 theory has generated significant buzz [1]. However, as with many speculative narratives in the crypto space, no concrete evidence or economic rationale has been provided to substantiate the theory. The event continues to fuel discussion within the XRP community, underscoring the enduring influence of long-held beliefs and the power of perceived patterns in shaping market sentiment.

Source: [1] Is $589 XRP Price Truly Coded? Ripple and Garlinghouse’s Recent Action Sparks Speculation (https://timestabloid.com/is-589-xrp-price-truly-coded-ripple-and-garlinghouses-recent-action-sparks-speculation/)