Crypto pundit Remi has explained how the difference in Japanese Bonds can be in the price of XRP to $150. This came as he announced that Japan’s 10-year yield hike is a good thing Supporters of XRP but bad for the world.
What Japan’s Bond Rise Means for XRP Price
In a X postRemi, referring to the rise in Japanese interest rates for 10 years, said that this was a good thing for XRP holders but bad for the rest of the world. He also said that the increase in productivity could cause Bank of Japan (BOJ) raising interest rates, which would cause panic among anyone who borrowed money in Japan at 0% interest.
Collaborative Reading
He also said that the borrowers will sell their money to pay off the loans that are causing financial problems. Remi realized that this is where XRP comes into play and “saves the day,” as Carry Trade will do, hosting The price of XRP to between $50 and $150.
Remi described this as “the price before the law,” saying that the price of XRP could reach $100 already CLARITY Act it passes. He said it all depends on Japan and what they want to do with interest rates. The pundit added that if US President Donald Trump gives them the green light, then all this can happen within days.
Pundit also said that Japanese banks are waiting for the CLARITY Act to start using XRP at 100% in Japan. This came when he questioned whether the increase in the price of XRP will lead to the CLARITY Act or whether the currency will be signed before the Reverse Carry Trade. He also said that Reverse Carry Trade can happen first, as a power problem due to The US-Iran war can force the BOJ to raise rates.
XRP May Still Reach $1,000
In China X postRemi said that the price of XRP could reach $1,000 if the altcoin continues to follow in 2017 cattle runwhen it recorded an increase of 40,000%. He reported that the altcoin rose 76,000% without FOMO, institutions, utilities, ETFs, or electronic shocks. Pundit thought that if XRP follows the same pattern and gets an increase of 76,000%, assuming that the bottom is in, then the altcoin can rally above $1,000.
Collaborative Reading
He said that the price rally of XRP to $1,000 is sustainable if one adds FOMO, organizations, needs, XRP ETF imagesand give fear. Remi advised market participants to take advantage of the various time horizons unless they have the money to wait and risk their lives. “Always remember… Anything can go wrong. Be smart,” he added.
At the time of writing, the price of XRP is trading at around $1.33, up more than 2% in the last 24 hours, according to data from CoinMarketCap.
Image taken from Adobe Stock, chart from Tradingview.com
