Da Vinci Jeremie, a prominent Bitcoin maximalist, has reiterated his bullish outlook for XRP, suggesting that the price of the cryptocurrency could reach $24. However, he emphasized the need for caution regarding investments in this coin.
Jeremie’s Optimistic Prediction
In a Thursday video, Da Vinci Jeremie shared his view that XRP has the potential to rise to $24. He stated:
"XRP, will it go to the $24 that I once talked about? Possibly, there is a good chance."
Criticism of XRP and Warnings to Investors
Despite the positive prediction, Jeremie sharply criticized XRP, calling it a "banker coin" and advised against investing in it. He asserted:
"Now, do I suggest you invest in XRP? NO. Because it is a banker coin. Do you want to continue to support the banking system that gets free money on your behalf that steals from you when they screw you up? No. So why buy XRP? Sell your XRP, buy Bitcoin. In the long run, it’ll do better anyways."
Jeremie has previously expressed negative sentiments about XRP as well, referring to it as a "stablecoin" and predicting its crash to zero.
Current Situation and Expert Opinions
At the moment, XRP is trading at $2.19, reflecting a 5.06% increase in the past 24 hours. However, the cryptocurrency is facing challenges in the market. Analyst Ali Martinez tweeted that whale addresses have offloaded more than 370 million XRP since the beginning of the month, indicating significant selling pressure.
Despite this, data from Glassnode indicates that XRP has emerged as a "new retail favorite," with active addresses increasing by 490% since the 2022 cycle low. Experts remain cautiously optimistic about XRP's long-term prospects, although Coinbase noted in its monthly outlook report a steep 41% decline in total cryptocurrency market capitalization since December 2024.
Thus, despite Da Vinci Jeremie’s positive prediction, XRP is facing significant challenges, and investors should proceed with caution when making investment decisions.
