The cryptomarkt pays attention after one of the most famous early Bitcoin voices has shared a daring view of XRP. Davinci Jeremie, who became known for advising people to buy Bitcoin for just $ 1 in 2013, has now issued a strong prediction for XRP, and noted that The token of token shows a healthy structure and a bullish pattern.
Davinci Jeremie Maps XRP Price Path to $ 4.93 with Fibonacci -Heveaus
In Detailed breakdownJeremie focused on the recent movements of XRP and the structure that formed on his graph. He pointed to a clear W-shaped pattern as a bullish signal. According to him, the market promotion that pushed XRP higher in recent weeks seemed organic, with Real investor activity Provide support instead of artificial manipulation.
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Jeremie explained that he was the Fibonacci extension levels To calculate possible price goals for XRP. He said that the 1,618 level comes at 4,555 Chilean pesos, but he believes that token could go a little higher. His projection Put it topping At 4,761 Pesos, which converts to around $ 4.93.
If these prospects occur, XRP would not only retain his current momentum, but also surpassed his earlier all times of $ 3.65, who met it in July of this year. According to the analyst, XRPs earlier movements At the end of 2024 seemed forced, with extreme jumps that have increased doubts, but this latest action looks more natural and could have further implications. He emphasized that the graph math and price behavior the path to further bullish growthWhile the structure of the token itself shows a clear force.
Bitcoin Maximistic becomes Bullish on the market structure of XRP
What this analysis is even more striking is from whom it comes from. Davinci Jeremie has long been considered a strong proponent of Bitcoin, often described as A bitcoin -maximalist. His early call to people to buy BTC when the price was only $ 1, has given him permanent credibility in the cryptocurrency room. For that reason, positive comments about XRP are taken very seriously by many on the market.
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Jeremie emphasized that XRPs movements from January to June were a clean W formation on the weekly graph. He explained how the token reached one High from $ 3.40 in JanuaryDaddied to around $ 2.11 in April, recovered to $ 2.60 in May, almost $ 2 fell in June and then came up strongly to surpass his high from January. That series, he said, completed the pattern and opened the door for more profit.
His tone change shows that a strong Market structure can overwrite token bias. Even for someone who has narrow ties with Bitcoin, the health of the current graph of XRP was sufficient to cause a bullish prospect. The analysis of Jeremie suggests that more investors can look at XRP differently and see it as an asset to grow further than old expectations.
Featured image of dall.e, graph of tradingview.com