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Cryptocurrency News Articles
Ripple CEO Brad Garlinghouse's Twitter Follower Count Linked to Controversial XRP Price Prediction
Aug 19, 2024 at 05:27 pm
Brad Garlinghouse, the CEO of Ripple, has found himself at the center of discussion yet again. Ripple's CEO follower count, which remained stable at 589 for a long time, went to 590. But after some time, the count came back to 589 again.
Ripple CEO Brad Garlinghouse is once again at the center of attention, but this time, it's not related to Ripple's legal battle or XRP's price movements. Instead, it's about his social media follower count and how it connects to a controversial prediction for XRP's future price.
For those unaware, Garlinghouse maintains a precise follower count of 589 on Twitter, a detail that has sparked speculation among XRP enthusiasts. The connection stems from an alleged prediction suggesting XRP could reach a value of $589.
This speculation emerged in 2022 after a fake image from The Simpsons began circulating. The image showed Bart Simpson writing on a chalkboard, “XRP to hit $589+ by EOY,” supposedly hinting at the token's future price. Despite the episode being debunked, some enthusiasts continue to entertain the idea.
Throughout 2023, the idea of XRP hitting $589 remained a hot topic. For instance, David Gokhshtein, a former U.S. Congressional candidate, brought up the XRP $589 prediction in one discussion.
Gokhshtein highlighted the prediction while discussing how people were suggesting XRP could hit $589, comparing it to predictions suggesting Bitcoin could hit $1 million. While bringing up the XRP $589 prediction, Gokhshtein clarified that he was not endorsing the prediction. However, he pointed out the differing reception both forecasts received within the crypto space.
However, legal experts and other members of the community dismiss the connection between Garlinghouse's follower count and XRP's price. Attorney Bill Morgan described the fixation on the number 589 as irrelevant, stressing that it has no bearing on XRP's price trajectory.
Despite these assertions, some members of the community argue that Garlinghouse's decision to maintain 589 followers may serve as a humorous nod to the prediction, while critics believe it feeds unnecessary hype.
Several individuals shared their opinions in response to the ongoing debate about Brad Garlinghouse's follower count. One commenter suggested that the number was maintained on purpose, a view that attorney Bill Morgan agreed with.
Another noted that Garlinghouse did it for humor and team spirit, although some in the XRP community took it literally.
A critic argued that Garlinghouse was feeding into the meme to keep the community excited about an unrealistic future.
Another participant dismissed the relevance of the follower count, stating they would rather rely on Ripple CTO David Schwartz's statement, “It [XRP] Can't Be Cheap.”
While the ongoing speculation captures attention, more concrete price predictions have surfaced from market analysts. A recent analysis forecasted a price of $26.5 as a potential top for XRP during a bullish cycle.
This prediction contrasts sharply with the $589 figure, positioning itself within a more attainable range. Analysts based their predictions on technical indicators, specifically Fibonacci levels. One such expert, Doctor Magic, noted that while some may find higher price speculations exaggerated, the forecasts are derived from market analysis.
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