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.
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
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.
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.
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
