Hmm the million dollar question...this is purely a guess, but I would suppose that it would come from mostly when the partnerships ripple has now move to using Xrapid. Why the hell else would they have Xrapid if they didn’t intend to have it used? If they didn’t intend for there to be a lot of volume, why make so many tokens. Once Banks, WU, & Moneygram and the plethora of other partners ripple begin to use Xrapid, it should go up.
Other partnerships Ripple has, like Lianlian, (who list Apple and PayPal as strategic partners) processes “billions in payments between merchants and consumers including major online retail sites, such as Amazon, Ali Express, and eBay”, per ripple.com. There is the SBI Asia credit card consortium, the Japanese bank consortium of 61 banks. American Express and Santander, etc.
I could go on with the partnerships, but digging down the rabbit hole of connections would take all night- but my guestimation is that for each customer Ripple has who is using xcurrent and who transitions to the use of Xrapid, the price of XRP would increase about $4-7. So if they have 100 partnerships 4x100= $400 with an average around $550. I came up with this because xrp hit $3.36 with just hype from the retail market back in December and I think the market cap or money flow through was~$130B.
That’s where I’d guess the $589+ would come from. Now, it does blow my mind that that increase could happen in ten months, but hey maybe it’ll happen like a power grid Turning on and one day we’ll wake up and be like ummm whaaaattt??!