Crypto Assets analysts predict: XRP price will hit $1.33 "soon" and Bitcoin will have a "Christmas Rebound"?
In a video posted on his YouTube channel, Davinci Jeremie mentioned that there will be another rise in XRP, which will take it "up to $1.33 very soon." Once that happens, he expects the Token to fall back to $1 and consolidate there for a while. Interestingly, Jeremy suggested that this pump would be rigged.
Because the price action of XRP has been tepid for some time, and many continue to say that the price of XRP is suppressed. The Crypto Assets analyst further stated that this price manipulation happens "every time." He mentioned that XRP prices always rise suddenly, and there is no logical explanation for this increase.
At the same time, Jeremie also highlighted the bullish fundamentals of the XRP price. This includes significant victories for Ripple in the regulatory environment, such as against the SEC (SEC). Ripple also received major approvals in Singapore and Dubai this year.
Jeremie also commented on Bitcoin and its future trajectory. Analyzing the chart, he said that if Bitcoin stays above the $43,700 support level, he expects Bitcoin to reach $47,000, but this has not materialized so far, given that Bitcoin is currently trading below that price level.
The Crypto Assets analyst also looked at the Ethereum chart and mentioned that it is not bullish as it failed to stay above the support level he considers bullish. He further questioned the possibility of Ethereum dragging down Bitcoin. However, considering that Bitcoin is primarily ahead of AltCoin, and not the other way around, many will feel confident that this will not happen.
Meanwhile, Jeremy predicts a "Santa Rebound" in Bitcoin before things may cool down. Historically, Bitcoin has seen some upticks between Christmas and New Year. It remains to be seen what impact the potential approval of the SpotBitcoin ETF in January might have on the price of Bitcoin.
Some predict that once this happens, the price of Bitcoin could fall, while others predict that this will further trigger a spike in the price of crypto Tokens. Analyst Matrixport specifically stated that with this development, Bitcoin will rise to $50,000.
(Source: Scott Matherson)