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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Analyst Predicts XRP Price Will Hit $1.33 ‘Pretty Fast’

Scott Matherson
Scott Matherson
1 year ago
3 mins read
XRP Price

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The XRP community will no doubt be buoyed by this recent analysis of an early Bitcoin investor who predicts that the XRP price could see a swift move to the upside soon enough. The crypto analyst also seemed to have taken a position in the crypto token in anticipation of this upward move. 

XRP Price To Hit $1.33

In a video posted on his YouTube channel, Davinci Jeremie mentioned that XRP is going to see another pump, which will see it move to “$1.33 pretty fast.” Once that happens, he foresees the token retracing to $1 and consolidating there for some time. What is interesting is the fact that Jeremie suggested that this pump will be manipulated.

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This is interesting because of XRP’s tepid price movement for some time now and the fact that many continue to say that XRP’s price is suppressed. The crypto analyst further stated that this price manipulation is what happens “every single time.” He alluded to the fact that the XRP price always pumps out of nowhere and without any logical explanation for such a rally. 

Meanwhile, Jeremie also highlighted fundamentals that are bullish for the XRP price. This includes Ripple’s major wins in the regulatory environment like the victories against the Securities and Exchange Commission (SEC). Ripple also gained major approvals in Singapore and Dubai this year. 

XRP price chart from Tradingview.com

XRP mounts impressive rally on Christmas day | Source: XRPUSD on Tradingview.com

Bitcoin Could Be Headed To $47,000

Jeremie also commented on Bitcoin and its future trajectory. Analyzing the charts, he stated that he expects Bitcoin to hit $47,000 if it stays above the support level of $43,700 but has so far failed to happen, considering that Bitcoin is currently trading below that price level.

The crypto analyst also took a look at the Ethereum chart and mentioned that it wasn’t bullish, considering that it failed to stay above support levels that he considered bullish. He further questioned the possibility of Ethereum bringing Bitcoin down with it. However, many will feel confident in that not happening, considering that Bitcoin has mostly led altcoins and not the other way around.  

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Meanwhile, Jeremie predicts Bitcoin will see a “Santa Claus rally” before things possibly cool off. Historically, Bitcoin is known to see some gains between Christmas and the new year. It remains to be seen what impact the potential approval of a Spot Bitcoin ETF in January could have on Bitcoin’s price.

Some predict that Bitcoin’s price will likely decline once that happens while others project that it would further spark a surge in the crypto token’s price. Crypto financial services firm Matrixport, in particular, stated that Bitcoin will rise to $50,000 on the back of this development. 

Featured image from Change.org, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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