Early Bitcoin adopter Davinci Jeremie has provided an updated assessment of his earlier bullish price prediction for XRP.
In a video shared with his over 826,000 followers on X, Jeremie admitted that XRP could “possibly” reach a $24 price point.
$24 Price Still on the Table for XRP
Recall that in January, after years of predicting that XRP would go to zero, Jeremie made a bold U-turn and offered a daring bullish outlook for the coin.
At the time, he suggested that XRP’s momentum could rally to between $20 and $24 by the end of this cycle. Back then, XRP was trading at a seven-year high of $3.34.
However, the coin subsequently dumped by 51% to $1.64 earlier this month. Interestingly, XRP has since rebounded slightly from this low and is now maintaining a price in the $2 region.
Given that the coin has lost its bullish steam and has been in a holding pattern for the past three months, Jeremie updated his outlook.
Regarding whether a $24 high is still achievable this year, Jeremie responded, “Possibly.” However, he reiterated his skepticism about why crypto enthusiasts should avoid investing in XRP in favor of Bitcoin.
Why XRP Could Still Pump Hard
Notably, Jeremie provided a key reason why he believes XRP still has a good chance of reaching $24 this year. Specifically, he claimed that there are many people in the U.S. government “pushing XRP.”
While he offered no specific context, the sentiment draws from recent developments. Just last month, U.S. President Donald Trump announced on social media that the government would hold XRP as part of a national crypto stockpile.
Interestingly, Trump highlighted XRP as a potential reserve asset before even mentioning Bitcoin and Ethereum, which came in follow-up announcements. Public commentators argue that this implies XRP is being promoted at the highest levels of the U.S. government.
Recall that Ripple CEO Brad Garlinghouse once publicly acknowledged promoting the idea of a multi-asset national crypto reserve that includes Bitcoin and altcoins like XRP.
Meanwhile, it’s worth noting that in the final order signed by the president, Bitcoin remains the only asset the government intends to buy.
Still, as XRP continues to feature in discussions in high-level government circles, public figures like Jeremie believe this could be a bullish factor that helps propel XRP’s price higher this year.
As a result, he stated there’s a likelihood that XRP does “something crazy” this year.
For context, with XRP trading at $2.10 today, reaching $24 would mean a rally of 1,042%. This would shatter multiple records, including setting a new all-time high, achieving a trillion-dollar valuation, and entering the double-digit price range.
Notably, market commentators like Egrag and Javon Marks believe XRP could even surpass $24 this year. Some have called for prices as high as $99.
XRP Remains an Unrecommended Investment
Despite these promising prospects, Jeremie reiterated his warning that XRP is not a coin crypto enthusiasts should invest in. According to him, XRP is a “banker coin,” and investing in it means supporting banks that are widely believed to enrich themselves at the expense of the poor.
“Do you want to support a banking system that gets free money on your behalf and steal from you whenever they screw up?” he concluded.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
