XRP (XRP): One interesting thing about crypto is the presence of people who for some reason tend to foretell the future. Whether they have insider knowledge or its some form of mysticism is open to debate. 5 years ago, someone appeared on Reddit claiming to be a time traveler. He provided a set of predictions about bitcoin including bitcoin hitting $10k in 2017. At the time, most of the people in the comments section dismissed him. His predictions came to pass, as bitcoin hit and surpassed $10k.
Anyone who took him seriously is wealthy today. The latest of such individuals to emerge is the ripple riddler. The ripple riddler has predicted a number of things about XRP that have come to pass. The most awaited of these predictions is the 5th of November. According to the ripple riddler, something big will happen on the 5th of November. Again like the bitcoin time traveler, many have dismissed the riddler and the 5th of November predictions, and the whole $589 thingy. However, several things will be happening on this day that make it logical to reconsider the whole 5th of November thing.
One of them is that ripple’s Ryan Zagone will be speaking at the DC Fintech week. According to his tweet, he will be speaking about major developments in crypto with the IMF. This is a big deal considering that it has widely been speculated that XRP could replace the IMF SDR (Special Drawing Rights). The SDR is an asset reserve that is meant to supplement the reserves of different nations.
If this speculation comes to fruition and is announced, or hinted at in this event, it would put XRP on a growth trajectory that is unprecedented in crypto. Even $589 would be very much within reach. That’s because it would pretty much make XRP a global currency. The SDR is a basket of 5 major currencies, and if they were to be replaced with XRP, then it would effectively be usable as a currency anywhere in the world.
The other event that could change the trajectory of XRP on the 5th of November is the upcoming SEC ruling on ETFs on the 5th. Whether the ripple riddler knew something about this event is up for debate. One thing is certain though, if the SEC makes a favorable decision with regards to bitcoin ETFs on the 5th, it could trigger a market-wide bull run that could positively impact on XRP, when combined with the other news that are coming the XRP way, such as the IMF news.
The biggest news that could happen on this day will be geopolitical. On the 5th of November, the U.S will be introducing a raft of sanctions against Iran. However, the U.S seems to be reading from different scripts with its key allies such as the E.U on this issue. It has even threatened to sanction SWIFT if it does any business with Iran. The fallout that could ensue from this declaration will have ramifications on the global financial system as we know it and could see XRP take center stage as the standard in fund transfers.
Whatever happens, one thing is certain, there is so much happening on the 5th that it makes sense to take the ripple riddler seriously on this, and watch XRP (XRP) more closely.