As XRP pushes back toward $3, a noted Bitcoin maximalist and longtime skeptic has posted a fresh price outlook. The estimate grabbed attention because it mixes chart work with a currency clarification that changed how some readers first reacted.
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Pattern And Price Action
According to the analyst, XRP formed a clear W pattern on the weekly chart after topping near $3.4 in January. The sequence he highlighted ran from a $3.4 high to a low of $2.11 in April, a bounce to $2.6 in May, then a slide toward around $2 in June before the latest rally pushed back above the prior January high.
That return, he says, completed the formation. He described the move as organic price action, contrasting it with a sharp 580% surge between November 2024 and January 2025 that he suggested showed signs of abnormal force.
XRP TO 4761 !!!?
XRP just made a massive move and it might only be the beginning. A clean market structure, a perfect W pattern, and a potential 1.618 Fibonacci extension point to a shocking
$4,761 (yes, in CLP 🇨🇱) pic.twitter.com/2lxy6sOPBa
— Davinci Jeremie (@Davincij15) August 26, 2025
Fibonacci Target Translated
Based on reports, the analyst mapped Fibonacci extension levels from that chart sequence. The Fib 1.61 point came in at 4,555 Chilean pesos.
He also flagged a nearby range in the 4,700 pesos area. Earlier he posted a 4,761 figure that many readers assumed was in US dollars; he later clarified it was denominated in Chilean pesos, which converts to roughly $4.93.
In plain terms: his near-term math points to XRP approaching the $5 region, not $4,761. He added that XRP could push a little past the 1.618 mark before cooling off.
The same analyst has not always been bearish. He once predicted a potential run to between $20 and $24 during this cycle, while still expressing doubts about long-term fundamentals.
Back in January he said any upside would be cycle-driven rather than based on a change in his view of XRP’s core case. Whether the new CLP target is a stop along a path to that higher forecast remains unclear from his comments.
Our Crypto futures suite just surpassed $30B in notional open interest for the first time ever. 💥
Our SOL and XRP futures, along with ETH options, each crossed $1B in OI, with XRP being the fastest-ever contract to do so, hitting the mark in just over 3 months.🔥
This is a… pic.twitter.com/xXV9TyP61O
— CME Group (@CMEGroup) August 25, 2025
Institutional Flows And Futures Activity
Meanwhile, reports have disclosed that XRP futures listed by CME hit $1 billion in open interest faster than any other crypto product in the exchange’s history.
The contracts launched on May 19, 2025, and reached that mark in just over three months. Since the launch, traders moved 251,000 contracts with a combined notional volume of $9.02 billion.
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Average daily trading on those contracts was $143 million, and a one-day record of $235 million was set in July. Those numbers show a rising level of institutional and retail participation in derivatives tied to XRP.
The analyst now sees XRP climbing near $5 based on Fibonacci levels, a shift from his earlier skepticism. At the same time, CME reports XRP futures hit $1 billion in open interest in just three months, signaling strong market momentum as the token battles to hold above $3.
Featured image from Meta, chart from TradingView
