According to AltcoinGordon on Twitter, the phrase '$589 is coded' has been highlighted, reviving the ongoing XRP price prediction debate among crypto traders (Source: Twitter/@AltcoinGordon, June 5, 2025). This reference to '$589' is a long-standing meme in the XRP community, often interpreted as a bullish signal or speculative target for XRP's future price. While there is no official confirmation or technical evidence supporting this exact price level, the resurgence of this phrase can contribute to increased social sentiment and potential volatility in XRP trading as traders react to renewed discussion (Source: Twitter/@AltcoinGordon, June 5, 2025). Crypto traders should remain focused on real-time market data and avoid trading solely based on meme-driven narratives.

According to @FilanLaw, Judge Torres has denied both the SEC and Ripple's motion for an indicative ruling, stating that the motion would be denied as procedurally improper if jurisdiction were restored to the court (Source: Twitter/@FilanLaw, May 15, 2025). This development introduces short-term legal uncertainty for XRP, which could affect trading sentiment and increase volatility in the XRP/USDT pair. Traders should monitor court proceedings closely for further updates that may drive significant price action in the crypto market.

According to glassnode, despite recent strong rebounds in the crypto market, short-term hot capital for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) remains significantly below their respective cycle highs. Specifically, BTC hot capital is down $60.5B or 60.8%, ETH is down $6.6B or 60.3%, SOL is down $5.9B or 38.4%, and XRP is down $5.5B or 71.7%. This suggests that while price recoveries have occurred, trader capital allocations remain cautious, potentially limiting short-term upside momentum and increasing volatility risk. Traders should closely monitor capital flows for signals of renewed bullish conviction. (Source: glassnode, Twitter, April 29, 2025)