Popular Bitcoin maximalist Davinci Jeremie, who famously predicted Bitcoin’s rise when it was valued at just $1, is now eyeing a major potential for XRP.
In a tweet on Saturday, Jeremie stated that XRP could surge to anywhere between $20 and $24. However, while he sees this as a possibility, he cautions against holding the asset long-term.
“XRP may hit $20–$24, but it’s not a safe long-term investment for everyone. Trade, but don’t hold blindly,” Jeremie wrote. He followed up with a video by acknowledging XRP’s recent price movements, noting that while it had already seen impressive gains, he still considers it a speculative trade rather than a safe investment. Notably, the pundit’s cautious stance on XRP stems from his belief that the cryptocurrency is ultimately tied to the banking system.
“XRP is a cryptocurrency supporting the banking system for the banking system, just like the Federal Reserve. They have rules, just like the Federal Reserve, but all those rules can change at a whim.” He added. “So, if you want to invest in a cryptocurrency that is designed to rob from the people, like the banks, go ahead and invest in XRP.”
Jeremie’s perspective on XRP has evolved, especially since just two months ago when he referred to the asset as “garbage.” At that time, he predicted XRP’s value could rise to around $2.11 in 2025, but he still hoped it would drop to zero. However, the dramatic surge in XRP’s price since then, up over 450% since the start of November, has forced him to revise his outlook.
Despite his reservations, Jeremie’s predictions have often garnered attention from the crypto community for their accuracy. In 2013, he encouraged followers to buy just $1 worth of Bitcoin when it was priced at $1, a decision that would have resulted in substantial profits for those who took his advice. His more recent focus on XRP is thus worth noting, given his ability to anticipate price movements in the past.
Adding weight to Jeremie’s prediction, on-chain data highlights a bullish outlook for XRP’s potential. According to Nansen, activity in XRP derivatives markets has skyrocketed, with a notable surge in options and futures trading. Furthermore, open interest in XRP futures is nearing $8 billion, representing an impressive 46% surge this week and a 300% growth since the start of the month.
Pundits like James Toledano, COO of Unity Wallet, have also weighed in, emphasizing the importance of regulatory clarity for XRP’s future. In a note on Friday, he stated that the approval of an XRP ETF could trigger significant institutional investment, propelling the token to new heights in 2025.
XRP traded at $3.12 at press time, reflecting a 25% gain over the past seven days. Its market capitalization has surged to over $183 billion.