Bitcoin Advocate Predicts XRP Price Could Reach $4.93
Davinci Jeremie, a notable figure in the crypto space known for his early Bitcoin advocacy, has provided a bullish forecast for XRP. He identifies a W-shaped pattern on XRP's chart as a positive indicator. His analysis suggests that recent market movements appear organic, supported by genuine investor activity.
Key Points from Jeremie’s Analysis
- XRP's price target calculated using Fibonacci levels is approximately $4.93 or 4,761 Chilean pesos.
- This projection indicates potential growth beyond the previous all-time high of $3.65 reached in July 2023.
- Chart patterns show strength and support further bullish growth expectations.
- Jeremie notes that the price behavior from January to June formed a clean W formation, signaling possible future gains.
Jeremie's shift from a Bitcoin maximalist stance to a more favorable view on XRP may influence other investors' perspectives on the token.
