Cryptocurrency expert Remi explained the impact that the Japanese bond gap could have on the price of XRP reaching $150. This came after he declared that rising Japanese 10 bond yields were favorable XRP holders but bad for the world.
What does the rising yield of Japanese bonds mean for the price of XRP
In Post XRemi, referring to the rising yield of Japanese 10-year bonds, said that this is a good situation for XRP holders, but a bad situation for the world. He explained that rising yields will likely result in Bank of Japan (BOJ) to raise interest rates, which would cause panic among all those who borrowed money from Japan at 0% interest.
He further noted that borrowers would sell their investments to repay the loans, creating a liquidity crisis. Remi noted that this is where XRP comes into play and “saves the day” as a reverse Carry Trade will occur, causing XRP price reach an amount ranging from $50 to $150.
Remi described this as a “price before law”, stating that the price of XRP could reach $100 before then CLARITY Act passes. He said it all depends on Japan and what they want to do with interest rates. The expert added that if US President Donald Trump gives them the green featherlight, everything could develop within a few days.
The expert also alleged that Japanese banks are waiting for the CLARITY Act to start using XRP in Japan 100%. This came as he questioned whether the XRP price raise would precede the CLARITY Act or whether the bill would be signed before Reverse Carry Trade was introduced. He suggested that a reverse Carry Trade could happen first because of the energy crisis caused by US-Iran war could force the BoJ to raise interest rates.
XRP could still reach $1,000
In another Post XRemi stated that the price of XRP could reach $1,000 if the altcoin continues to follow its 2017 trend. running of the bullwhen it recorded an raise of over 40,000%. He noted that the altcoin surged 76,000% without any FOMO, institutions, utilities, ETFs or supply shock. The expert opined that if XRP follows the same trend and goes up 76,000%, assuming it has hit a bottom, then the altcoin could rise above $1,000.
He also pointed out that the price raise of XRP to $1,000 is conservative when you add FOMO, institutions, utilities, XRP ETFsand supply shock. Remi advised market participants to take profits at different intervals unless they have the financial means to wait and take risks. “Always remember… Everything can go wrong. Be smart,” he added.
At the time of writing, XRP is trading at around $1.33, up over 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
