Bitcoin Early Adopter Predicts XRP Surge to $4.93 A prominent figure known for his early advocacy of Bitcoin, Davinci Jeremie, has turned heads in the crypto community by issuing a remarkably bullish forecast for XRP. Jeremie, who famously urged people to buy Bitcoin when it was valued at just $1 in 2013, now sees significant upside potential for Ripple's native token, attributing its recent price action to organic growth and a robust chart structure.
Davinci Jeremie's Bullish Technical Outlook for XRP
In a detailed technical breakdown, Jeremie highlighted a clear "W-shaped" pattern on XRP's chart, interpreting it as a strong bullish signal. He believes the recent upward movements in XRP's price are a result of genuine investor activity rather than market manipulation, underscoring the organic nature of its current momentum. Utilizing Fibonacci extension levels, Jeremie projected a price target of 4,761 Chilean pesos, which translates to approximately $4.93 for XRP. This target, if realized, would not only sustain XRP's current positive trajectory but also surpass its previous all-time high of $3.65, achieved in July of this year. He noted that while earlier surges in late 2024 might have appeared forced, the current market dynamics suggest a more natural and sustainable path for further gains.
Shifting Perceptions: A Bitcoin Maximalist's XRP Endorsement
What lends particular weight to this prediction is its source. Davinci Jeremie has historically been a staunch Bitcoin maximalist, making his shift to a bullish stance on XRP a significant event. His proven track record of accurate early Bitcoin calls has cemented his credibility, leading many in the cryptocurrency market to take his positive comments on XRP very seriously. Jeremie further elaborated on XRP's performance from January to June, explaining how the token's price fluctuations formed a distinct "W" pattern on the weekly chart. This sequence—a January high of $3.40, a dip to $2.11 in April, a rebound to $2.60 in May, a drop near $2 in June, followed by a strong rally surpassing its January high—indicates the completion of the pattern and paves the way for potential future gains. His change in perspective suggests that a compelling market structure can transcend long-held token biases, potentially encouraging more investors to view XRP as an asset with substantial growth prospects.
