Commentator projects $100–$150 XRP as Japan eyes rate hike on US prompt

The reverse carry trade thesis

Remi Relief, who is known for his frequent commentary on XRP, has promoted a narrative built around what he calls the “Reverse Carry Trade” (RCT). This theory centers on a coordinated adjustment of interest rates between the US and Japan, which he believes would shift institutional capital flows and potentially impact digital assets like XRP.

Relief argued that Japan should delay its rate increase until it receives a clear signal from the Trump administration, anticipating this move would trigger the RCT. He pointed to recent discussions involving US Treasury Secretary Scott Bessent, Japanese Finance Minister Satsuki Katayama, and Bank of Japan Governor Kazuo Ueda as validation.

Bloomberg reported that Bessent indicated Japan’s next fiscal step should be an interest rate hike. Japanese broadcaster NHK, citing a US official, said these discussions have been ongoing. Remi Relief interpreted this as a long-awaited confirmation for the RCT scenario he has repeatedly outlined.

Mini dictionary: Reverse Carry Trade (RCT): A theoretical strategy involving a shift of capital from low-yield currencies to higher-yield ones, in this context driven by interest rate changes between two major economies, which could influence investments in both traditional and digital assets.

Remi Relief emphasized that, “Japan is waiting for Trump to green light the RCT and they just got it,” concluding the message with his price target: “Easily a $100-$150 XRP.”

Broader policy backdrop

According to Relief, his investment thesis is reinforced by several interrelated policy statements and expected legislative moves. In July, he projected that the signing of the CLARITY Act, a US rate cut, and rate hikes in Japan and South Korea would together create what he described as “the biggest bull run in history” for digital assets.

Relief referenced multiple remarks from Treasury Secretary Scott Bessent, who reportedly stated that the US had entered the “Golden Age of Crypto,” and that Japan and the US would jointly enjoy a similar era. Relief continues to cite these comments as evidence of widening policy alignment across both countries around digital assets.

Bessent reportedly expressed optimism about a “Golden Age” for both the United States and Japan, which Relief takes as further indication of supportive government policies on crypto.

XRP outlook and market reaction

Relief’s posts have consistently urged XRP enthusiasts to maintain their holdings and, in particular, to keep their assets in cold storage. He maintains a firm conviction that the Reverse Carry Trade scenario supports his $100–$150 XRP price target, even in the face of skepticism from some in the community.

While market observers continue to debate the validity and timing of Relief’s thesis, the latest public policy signals from both the US and Japan have lent fresh weight to his longstanding projections regarding XRP’s price trajectory.

Ripple, the company behind XRP, is a US-based fintech firm known for its global payments network utilizing blockchain technology. XRP is used within Ripple’s ecosystem to enable rapid and low-cost cross-border transactions.