TL;DR
- MoonPay posted an exact purchase of 589 XRP and triggered an immediate reaction across the community, which recognizes that number as a symbol.
- The token trades at $2.08 after a 5% weekly drop and an 18.3% monthly decline.
- The figure revived long-standing theories, from Bearableguy123’s original illustration to Brad Garlinghouse’s references and today’s debates over extreme price targets.
MoonPay sparked an immediate reaction in the XRP community after publishing a screenshot showing an exact purchase of 589 XRP through Apple Pay.
The gesture came during a volatile moment: The token trades at $2.08 after a 5% weekly decline and an 18.3% drop over the past month. Still, the focus didn’t fall on the price but on a number that carries unusual cultural weight within the ecosystem.
The amount revived one of the community’s longest-running and most recognizable symbols. The figure has functioned as a narrative marker since 2018, when the anonymous account Bearableguy123 posted an illustration tying that number to extreme expectations for the token’s future value. The image spread through forums, videos, and X threads until it became an internal myth.
MoonPay’s post also included an emoji that amplified the collective interpretation. Users on X picked up the 589 idea again, treating it as a code, a hint, or a signal about XRP’s trajectory.
Moonpay Keeps The 589 Theory Alive
Some revived the idea of the token reaching $589 per coin, while others saw the gesture as a show of affinity toward the community. The moment coincides with Solana posting the number 589 without context just days earlier, a message that drew more than 4.3 million views and sparked crossover conversations between both communities. Analysts considered whether Solana aimed to attract XRP’s audience or hint at future links to RLUSD, Ripple’s stablecoin.
The number holds unusual magnetism because it appears in key moments and among influential figures. Brad Garlinghouse kept his following count fixed at 589 for years. Financial analyst Linda P. Jones noted that ISO 4217 leaves code 589 unassigned, a detail that fueled speculation about whether a future digital asset might eventually take that slot.
The debate over the current meaning of 589 continues to divide opinions. Some argue that moderate forecasts underestimate the project’s scope and defend aggressive targets. Others dismiss the figure as incompatible with any realistic scenario.
MoonPay confirms that 589 still acts as a cultural anchor within XRP. It doesn’t define price action or predict market moves, but it reflects how strongly a collective identity persists by interpreting every signal as part of a broader narrative
