Crypto expert Remi has explained the impact the Japanese bond gap could have on the XRP price reaching $150. This came as he stated that rising Japanese 10 bond yields are a good thing XRP holders but bad for the world.
What rising Japanese bond yields mean for the XRP price
In one X messageRemi, referring to rising Japanese 10-year bond yields, said this was a good thing for XRP holders, but bad for the world. He explained that rising interest rates are likely to trigger the Bank of Japan (BOJ) to raise interest rates, which would cause panic among anyone who borrowed money from Japan at 0% interest.
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He further noted that the loan holders will sell their investments to repay their loans, causing a liquidity crisis. Remi noted that this is where XRP comes into play and “saves the day” as the reverse carry trade will take place, causing the XRP price range between $50 and $150.
Remi described this as the “price before the law,” stating that the XRP price could previously reach $100 the CLARITY Act is passed. 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 light, this could all happen within days.
The expert also claimed that Japanese banks are waiting for the CLARITY Act to start using XRP 100% in Japan. This came as he questioned whether the XRP price increase would precede the CLARITY Act or whether the bill would be signed into law before the Reverse Carry Trade. He suggested that the Reverse Carry Trade could happen first as the energy crisis caused by the War between the US and Iran could force the BOJ to raise rates.
XRP can still reach $1,000
In another X messageRemi stated that the XRP price could reach $1,000 if the altcoin continues to follow the 2017 price running of the bullswhen it registered an increase of over 40,000%. He noted that the altcoin rose 76,000% without any FOMO, institutions, utilities, ETFs or supply shocks. The expert believed that if XRP follows the same trend and gains 76,000%, assuming the bottom is reached, the altcoin could rise above $1,000.
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He also indicated that an XRP price rally to $1,000 is conservative if you consider FOMO, institutions, utilities, XRP ETFsand a supply shock. Remi advised market participants to take profits at different intervals unless they have the financial resources to wait and take risks. “Always remember… Anything can go wrong. Be smart,” he added.
At the time of writing, the XRP price is trading around $1.33, up over 2% in the past 24 hours. facts from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com