The predictions from the ripple riddler seem to be taking shape. In the last 48-hours, ripple is collectively up by over 20%. It is outpacing bitcoin (BTC) and the rest of the market by a huge margin. If this momentum continues, then the much taunted $589 prediction could easily come true. Already a number of positive things have happened that could see XRP (XRP) hold on to its current gains and make even more in the near future. One of them is the political angle to the crypto market.
There is no doubt that for cryptos to truly go mainstream, politics will have to play a role in it. Politics is a huge component in shaping how society works, and ripple gets it. That’s because, from U.S government disclosure document that discloses who lobbies the government, ripple is listed as one of the companies that visited the Whitehouse late last month. This is a big deal for XRP (XRP) and could see its value easily push to $589 before the end of the year. Here’s why.
First, if ripple is in positive terms with the U.S government and it is in the public knowledge, the SEC is unlikely to make any adverse decisions against XRP. One of the greatest fears of XRP investors is that XRP could be declared a security. This would kill any dreams that XRP holders have of mass adoption. However, with such strong lobbying from ripple at the highest levels of the U.S government, then chances of such an adverse decision are significantly reduced.
Besides, such an adverse decision was already greatly reduced by the fact that XRP (XRP) is highly decentralized as at this point. Actually, its level of decentralization at this point is at par or even exceeds, that of bitcoin (BTC). Therefore, with such lobbying of government, American financial institutions could start adopting XRapid at scale, and this could see XRP gain in value probably all the way to $589 in the next couple of weeks.
Such a huge move in price is also supported by the fact that XRP (XRP) is becoming accessible to the investing community. Lots of exchanges have added XRP as a base currency in 2018. This means that if the current momentum holds and XRP (XRP) continues its current momentum and FOMO kicks in, investors have more avenues for accessing XRP as compared to December 2017.
As such, FOMO buying this year could push XRP way higher than last year. That’s not forgetting the fact that this time more people are prepared, and know the potential that XRP holds. Last year’s Bull Run caught many people by surprise, but this will not be the case this time. There are more people who now understand the power of XRapid and will not hesitate to jump in if they are convinced that it could be headed up again. Such widespread accessibility, coupled with FOMO make the idea of $589 look more plausible than ever before. It’s going to be an interesting and high adrenaline end of the year for XRP (XRP).