Prominent backers of Bitcoin believe that XRP may experience a significant rise this year, setting an ambitious target for the fourth-largest cryptocurrency.
In recent YouTube shorts, Davinci Jeremie voiced a prediction that XRP’s price could hit an impressive $24 by 2025. Achieving that price would require a staggering 971% increase from its current value of $2.24.
This bold target would elevate XRP’s market cap from $131.35 billion to around $1.4 trillion, assuming the circulating supply remains constant at approximately 58.444 billion coins.
Potential Reasons for XRP’s Surge
Jeremie mentioned that the optimistic outlook is bolstered by the ongoing support XRP has received from US government figures. In his opinion, there’s substantial backing for XRP at the federal level.
This support is evidenced by XRP being referred to in the assets that President Donald Trump could present within the US Crypto-back initiative. Additionally, the US SEC is currently in negotiations with Ripple to resolve its protracted legal battle.
The favorable stance of the US government could enhance the credibility of XRP, potentially driving up both demand and price, aligning with Jeremie’s forecast of $24.
Jeremie’s Stance on XRP and Bitcoin
Despite this optimistic prediction, Jeremie cautioned investors against rushing to buy XRP. He noted that numerous banks are utilizing XRP for cross-border transactions due to its speed and cost-effectiveness.
Thus, as a longstanding critic of XRP, he views it primarily as a tool for banks. He suggested that investing in XRP essentially means supporting the same financial institutions that profit while potentially disadvantaging ordinary users.
Consequently, he encouraged viewers to consider selling their XRP holdings in favor of Bitcoin, indicating that he believes Bitcoin offers a better investment opportunity. Moreover, he speculated that Bitcoin may surpass XRP in performance over time.
While predicting a possible ascent of XRP to $24, Jeremie acknowledged that this forecast is speculative and not assured.
“I haven’t definitively claimed that [XRP will hit $24 in 2025], but there’s a solid chance it could happen,” Jeremie remarked.
This implies that he anticipates XRP reaching the $24 milestone, yet he remains unsure if it can truly attain this goal. Essentially, he advises investors to be prudent regarding their exposure to XRP.
The $24 Prediction for XRP
Interestingly, the $24 target isn’t a fresh concept within the XRP community, as various experts have also forecasted this rise.
Last month, well-known crypto analyst Egrag suggested that XRP could push against the $24 mark, with ambitions reaching as high as $110, although he didn’t specify a timeline for this potential growth.
Meanwhile, Changelly has projected that XRP might achieve a price of $24 by February 2031.
Disclaimer: This content is intended for informational purposes only and should not be considered financial advice. The opinions expressed in this article are those of the author and may not reflect TotalNews’s overall views. Readers are encouraged to conduct their own research prior to making investment decisions. TotalNews is not responsible for any financial losses.
