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XRP predicted to hit $589? The Simpsons did it! Or did they?...

By Raphael Sanis

Edited by Charlie Mellor

09:56, 29 September 2022

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In this article:
XRP/USD
Ripple / USD
0.38946 USD
-0.00125 -0.320%
BTC/USD
Bitcoin / USD
16873.40 USD
-152.15 -0.890%

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Bart writing “XRP to hit $589+ by EOY” on a chalkboard
XRP is surging as its court case with the SEC nears an end – Photo: The Simpsons

The Simpsons cartoon sitcom has become known for its sometimes accurate predictions, whether it was Donald Trump’s presidency, a Nobel Prize winner, or Olympic results.

Bullish ripple investors are now hoping that another one of its forecasts could come true. The animated series seemingly predicted that the XRP cryptocurrency would surpass $589.

With the US Securities and Exchange Commission (SEC) vs Ripple court case looking like it could soon come to an end, there has been a breakout for XRP and some very optimistic investors are hoping it could hit this level.

XRP to USD

Did The Simpsons make an XRP price prediction?

A viral image from Frinkcoin, an episode that aired in February 2020, appears to make a bullish prediction for the ripple cryptocurrency. The intro shot shows Bart writing on the chalkboard: “XRP to hit $589+ by EOY”.

This end-of-year prediction might be a stretch for XRP with it trading at only $0.44, as of 29 September. But it has defied the wider bear market and rallied in recent weeks.

The rally followed the filing of summary judgement motions from both parties in the SEC and Ripple court case. SEC has alleged that the blockchain company raised more than $1.3bn funds through unregistered security sales.

There are now signs that this court case, which has plagued Ripple for almost two years, could be reaching an end.

Defence lawyer James Filan, who has been commentating on the case, tweeted earlier this year that closing briefs would take place just before Christmas. Meaning, that there would be increased interest in XRP towards the end of the year, when the viral Bart image predicted it would hit $589.

ETH/USD

1,236.50 Price
-1.740% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 5.00

DOGE/USD

0.10 Price
-2.760% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 0.0012310

XRP/USD

0.39 Price
-0.320% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 0.00326

BTC/USD

16,873.40 Price
-0.890% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 60.00

At the time of writing, XRP was up almost 4% over the past seven days and 33% in the past month.

The Simpsons’ crypto history

A reference to crypto first appeared in the TV show back in 1997. This was more than a decade before the launch of bitcoin (BTC), the first ever cryptocurrency.

The episode showed characters Homer and Marge on a date outside a place titled “crypto barn”, which featured code-related signs outside. 

While this did not specifically reference any currencies, The Simpsons has explicitly discussed the crypto industry on the show more recently. In season 31, Lisa received a lesson about cryptocurrencies.

BTC to USD

Failed predictions

Not all of The Simpsons’ predictions have turned out to be accurate. While the Denver Broncos and Seattle Seahawks did play each other in the Super Bowl, the Broncos were not triumphant unlike the show predicted.

Another one of the show’s predictions was that London’s Big Ben would turn digital in 2010. The new renovations were unveiled earlier this year, but the clock’s face remained analogue.

It is important to note that while The Simpsons has a history of surprisingly accurate predictions, the show should not be used as investment advice. Investors should always carry out their own research and thorough due diligence before coming to a decision about making an investment or not.

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
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