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After the SEC case is resolved, The Simpsons’ prediction about the price of XRP likely materialize.
The digital currency created through mining, called XRP, is gaining traction and appears to be surviving all repressive financial storms. 2012 saw the official launch of the Ripple transaction protocol (RTXP), which was then renamed to Ripple Labs in 2013. Later, in 2015, Ripple Labs changed its name once more to Ripple. Ripple protocol (XRP) is one of the top cryptocurrencies, along with Bitcoin, Ethereum, and Tether. This is mainly because of the amazing and cutting-edge efforts made by corporate Ripple, which have helped it rise to the top among the big financial institutions.
With a meager $0.0058 when it first entered the cryptocurrency market, XRP coin kept it up trolling for several months. Then, in 2017, the news of the Ripple network partnering with Tokyo-Mitsubishi bank completely changed the course of this historic platform. The cryptocurrency has done fairly well in the world economy. The price of the currency is now $0.3636, and it has a market capitalization of $17,578,603,657 and a supply of 48,343,101,197 XRP in circulation. It generated a record-breaking price of $3.84.
For owners of XRP or retail investor accounts, the changes in prices had turned out to be profitable. After the first quarter of 2021 came to a conclusion, the currency saw another bull run, and in just 10 days, its price increased from $0.57 to $1.82. The $2 resistance was too strong for the coin to overcome, therefore it found support at $0.5. The price of Ripple XRP is currently $0.3636. Both the immediate resistance ($0.557) and the significant resistance ($0.725) are present. The levels of $0.8603 & $0.9956 will present the coin with significant resistance if it manages to break these levels.
Is this the most accurate XRP price forecast? The Simpsons editorial staff has made numerous predictions, including Disney’s acquisition of Fox, Donald Trump’s election as president, and allegations of malfunctioning voting machines during the 2016 election. Let’s focus on the predictions they made about cryptocurrencies during the course of the programme. The Simpsons first foresaw the rise of cryptocurrencies. On March 2, 1997, a venue called Crypto Barn made its debut in Episode 17 of Season 8, which aired for the first time. There were numerous signs regarding “code” and “secret code” on it.
The fact that this show aired more than 10 years prior to the emergence of cryptocurrency was mind-blowing. The Simpsons team has also been credited with foreseeing a number of sociopolitical events through Bart’s scribbles on the chalkboard in the classroom. The longest-running American animated series predicted the cost of XRP to be just under $600 in one episode. Some of Bart’s predictions on the chalkboard have later come true.
Other episodes have captivated XRP fans in the past. A card that perfectly resembles a credit card or MasterCard card from today was given to Homer’s manager in one scene. In episode 13 of season 31, Lisa receives a tutorial on cryptocurrency from Professor John I.Q. Nerdelbaum Frink Jr. It was packaged in a nice box, which supporters claim is a prophesy that digital assets like XRP would have their own credit card. He plays Lisa a video in which Sheldon Cooper from The Big Bang Theory, Jim Parsons, discusses cryptography.
The majority of investors are certain that Ripple won’t hit $10, based on projections for the price of XRP. However, the $5 price projection is a reasonable estimate. At some point, $5 will also be worth a 15x return on investment, which is fantastic. Therefore, any user can purchase or sell XRP in accordance with the resistance level and support level of the XRP price analysis.
The song “I’m closer to being the cache of the universe, not on your wallet, but I’m on your computer” is sung by a book as the episodes go on. One is left in awe. Is it time to take the psychics’ XRP forecast from the Simpsons scriptwriting table seriously? Should everyone own XRP? If not, will we suffer from FOMO? As the SEC case nears its conclusion, these are the crucial questions.