Former XRP Skeptic Projects Surprising Surge for Cryptocurrency
Jeremie “Davinci,” a prominent cryptocurrency analyst and long-time critic of XRP, has dramatically reversed his stance. He recently tweeted that XRP could hit an impressive $24 during this market cycle.
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This bullish forecast of a sevenfold increase follows XRP's robust performance, currently at a seven-year high. This development has led many, including Jeremie himself, to rethink their positions on the cryptocurrency. Previously known for labeling XRP a “stablecoin” and predicting its value would collapse to zero, Jeremy is now encouraging investments in Ripple.
Jeremie's change of heart is based on several factors:
- Consistent growth in XRP’s price and its expanding market cap.
- Changing attitudes within the crypto community towards systems that exhibit centralization.
- A high likelihood that Ripple could end its ongoing legal battle with the SEC with a victory.
However, despite his bullish price prediction, Jeremy continues to advise caution when considering XRP for long-term investment. His concerns are rooted in XRP's close association with the banking system, which he still deems corrupt and inefficient, echoing sentiments he expressed five years ago.
Over the past week, XRP surged to a seven-year high. Source: coinmarketcap
It's worth noting that Jeremy isn't alone in reassessing his stance on XRP.
Other notable cryptocurrency figures, such as Peter Brandt and Raoul Pal, have also shown optimism about the coin's prospects. For example, on January 7, 2025, Brandt even predicted that XRP's market capitalization could surpass half a trillion dollars.
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