XRP "589" signal appears in Times Square! Rumors say the price target becomes a New Year's Eve surprise

Times Square 2026 New Year’s Eve crystal ball uses 589 LED bulbs. The XRP community has linked this number to the long-standing legend of “XRP price at $589,” sparking a new round of discussions and meme celebrations. Originating in 2021, this mysterious number has been associated with holders’ Fibonacci sequences, ISO 4217 currency codes, and SWIFT integrations, becoming a core symbol in XRP culture.

Times Square Crystal Ball LED Count Sparks XRP Community Imagination

John Squire pointed out on social media that the iconic crystal ball for Times Square’s 2026 New Year’s Eve will use 589 LED bulbs. This seemingly trivial technical detail has become a meaningful signal in the XRP community. Squire believes this is no coincidence and hints that XRP holders will immediately recognize the symbolic significance of this number. His short video caption reinforces the concept of “practical value never stopping.”

The post quickly spread within the XRP community, with holders responding by viewing this number as a bullish signal rather than a random engineering design. Some created memes placing the crystal ball alongside the XRP logo, others recounted the origin story of $589, and more interpreted this “coincidence” as a sign of a major market breakthrough approaching.

In the cryptocurrency world, numerical symbolism is common. Bitcoin fans celebrate Pizza Day every year (May 22), Dogecoin enthusiasts focus on April 20 (420), and the XRP community has developed the number 589 into a complete narrative system. The global spectacle of the Times Square New Year’s Eve symbolizes this, and using this precise LED count is, for holders, akin to a cultural confirmation.

The Origin and Evolution of the 589 Legend

In XRP culture, the significance of the number 589 dates back to 2021. At that time, community members began speculating that XRP’s price might someday reach $589 per token. This seemingly fantastical number is not baseless but supported by multiple theories.

One of the most cited theories involves Fibonacci sequence extensions. Technical analysts note that applying Fibonacci extension tools to XRP’s historical price movements can, under extreme scenarios, target around $589. Although this analysis method is controversial in crypto circles, it resonates widely during bull markets.

Another supporting theory involves the ISO 4217 currency code system. In this three-letter currency code system maintained by the International Organization for Standardization, 589 is one of the unassigned codes. Some XRP supporters speculate that if XRP were adopted as a bridge currency in the global financial system, it might receive this code. While no official source confirms this, the “future financial infrastructure” narrative attracts many believers.

A third theory relates to the potential integration with the SWIFT global payment system. Ripple has long promoted cross-border payment solutions, and some community members believe that if XRP truly replaces or supplements parts of SWIFT, its value could grow exponentially, making $589 a reasonable long-term target.

Three Main Theories Behind the Number 589

Fibonacci Extension Theory: Target prices in extreme scenarios can reach around $589

ISO 4217 Code Hypothesis: 589 is an unassigned currency code, supporters speculate XRP could receive it

SWIFT Integration Vision: If XRP becomes central to global cross-border payments, valuation could reach this level

Over time, this number has evolved into a recurring cultural symbol. Whenever XRP’s market sentiment turns optimistic, discussions, memes, and predictions related to 589 emerge. It is no longer just a price target but a part of holders’ identity, symbolizing steadfast belief in long-term value.

How Narrative Power Shapes Resilience in Crypto Communities

This “coincidence” at Times Square highlights a broader pattern-seeking culture in the crypto space. In this culture, numbers, dates, and symbols often inspire new beliefs and collective actions. For XRP holders, the number 589 reinforces their long-term faith in XRP’s potential utility and delayed recognition, especially after years of regulatory hurdles and legal uncertainties.

The lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) once kept XRP’s price suppressed, with many exchanges delisting the token. However, after a favorable court ruling in 2023, XRP’s price surged, and community confidence was restored. In this context, the number 589 became a spiritual pillar for holders during tough times—even if the current price is still many times below this target.

This post does not claim to confirm any conspiracy or secret plan. Instead, it enhances interaction, humor, and collective optimism—elements that continue to shape XRP community resilience through market cycles. While other investors exit in bear markets, XRP holders often show stronger cohesion, largely driven by shared cultural symbols and narratives.

The crypto market is inherently narrative-driven. The “digital gold” story of Bitcoin, Ethereum’s “world computer” vision, Solana’s “high-performance blockchain,” all turn technical features into easily shareable stories. The 589 legend of XRP combines price forecasts, technical analysis, and visions of financial system transformation, creating a mysterious yet hopeful narrative framework.

From Meme Culture to Belief System

Whether the LED count on the crystal ball is a coincidence or a clever symbol, this detail demonstrates the profound influence of storytelling on crypto communities. XRP holders always see such moments as confirmations of long-term value rather than short-term price fluctuations. As regulatory clarity gradually emerges, these cultural symbols help maintain faith, allowing the XRP story to continue while waiting for the next key chapter.

Notably, the number 589 has evolved from an internal meme into a semi-serious price prediction and now into a symbol of identity. This process reflects how crypto communities build collective consciousness through shared symbols. When outsiders question this “irrational” belief, holders point out that the value of all financial assets ultimately rests on consensus, and cultural symbols are tools to reinforce that consensus.

The Times Square crystal ball event again proves that in the crypto world, fundamentals, market dynamics, and cultural narratives are intertwined, jointly influencing long-term asset trajectories. The number 589 may never become XRP’s actual price, but it has become an indispensable part of the XRP community, symbolizing hope and faith in future financial system reforms.