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.<\/p>\n
According to the analyst, XRP<\/a> formed a clear W pattern on the weekly chart after topping near $3.4 in January.\u00a0The 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.<\/p>\n 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.<\/p>\n XRP TO 4761 !!!?<\/p>\n 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<\/p>\n $4,761 (yes, in CLP ) pic.twitter.com\/2lxy6sOPBa<\/a><\/p>\n \u2014 Davinci Jeremie (@Davincij15) August 26, 2025<\/a><\/p>\n 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.<\/a><\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Back in January he said any upside would be cycle-driven rather than based on a change in his view of XRP\u2019s core case. Whether the new CLP target is a stop along a path to that higher forecast remains unclear from his comments.<\/p>\n Our Crypto futures suite just surpassed $30B in notional open interest for the first time ever. <\/p>\n 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.<\/p>\n This is a\u2026 pic.twitter.com\/xXV9TyP61O<\/a><\/p>\n \u2014 CME Group (@CMEGroup) August 25, 2025<\/a><\/p>\n Institutional Flows And Futures Activity<\/p>\n Meanwhile, reports have disclosed that XRP futures<\/a> listed by CME hit $1 billion in open interest<\/a> faster than any other crypto product in the exchange\u2019s history.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Featured image from Meta, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":" 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. Pattern And Price Action According to the analyst, XRP formed a clear W pattern on the […]<\/p>\n","protected":false},"author":0,"featured_media":91681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91680"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91680"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91681"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fibonacci Target Translated<\/h2>\n