As XRP inches tantalizingly close to the $3 mark, a notorious Bitcoin maximalist-once skeptical enough to make a career out of doubting everything except his morning coffee-has thrown a curveball into the crypto discourse. This time, however, his prediction has sent ripples through the market not because it’s outrageously bullish, but because it comes wrapped in humor, sarcasm, and… Chilean pesos? Yes, you read that correctly.
The Dance of Patterns and Prices
According to this erstwhile skeptic, XRP has been quietly sketching an elegant “W” pattern on its weekly chart-a move so suave it could rival a tango champion. The sequence begins with a peak at $3.4 in January, dips to $2.11 in April, bounces back to $2.6 in May, plunges again toward $2 in June, and then makes a triumphant return above January’s high. A veritable symphony of price action, if one can call such chaotic movements harmonious.
This gentleman describes the movement as “organic,” contrasting it sharply with the earlier 580% surge between November 2024 and January 2025, which he deemed suspiciously akin to someone pumping helium balloons rather than letting them float naturally.
XRP TO 4761 !!!?
“XRP just made a massive move, and it might only be the beginning,” tweeted Davinci Jeremie (@Davincij15) on August 26, 2025. “A clean market structure, a perfect W pattern, and a potential 1.618 Fibonacci extension point to a shocking… $4,761 (yes, in CLP).” 😅
Fibonacci Dreams Lost in Translation
It turns out our analyst had mapped Fibonacci extension levels onto this intricate dance of numbers. Lo and behold, the magical 1.618 level landed squarely at 4,555 Chilean pesos. Add a dash of rounding up, and we arrive at approximately 4,700 pesos-or roughly $4.93 USD. Ah, the beauty of global currencies!
Many readers initially mistook this figure for US dollars, dreaming momentarily of XRP soaring to astronomical heights. Alas, reality struck when clarification arrived: no, dear dreamers, it’s pesos. Still, the near-term math suggests XRP may flirt with the $5 region before taking a well-deserved rest.
Interestingly, this same analyst hasn’t always worn his bearish hat. Once upon a time, he dared to whisper about a potential run to $20-$24 during this cycle. But let us not confuse fleeting optimism with genuine belief; his January remarks hinted that any upside would remain tied to cyclical trends rather than some miraculous epiphany about XRP’s fundamentals.
“Our Crypto futures suite just surpassed $30B in notional open interest for the first time ever,” announced CME Group (@CMEGroup) on August 25, 2025. “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.” 🎉📈
Institutional Flows and Futures Frenzy
Meanwhile, institutional players seem smitten with XRP futures. Listed by CME on May 19, 2025, these contracts reached $1 billion in open interest faster than any other crypto product in the exchange’s history-a feat accomplished in a mere three months. Traders have since moved 251,000 contracts, representing a combined notional volume of $9.02 billion. Average daily trading stands at $143 million, with a one-day record of $235 million set in July.
Thus, while our skeptical analyst now envisions XRP nearing $5 based on Fibonacci wizardry, the broader market paints a picture of growing momentum. Institutions and retail traders alike appear eager to see whether XRP can maintain its precarious perch above $3-and perhaps even flirt with loftier ambitions.
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2025-08-27 14:13