In a dramatic shift that has rippled through the cryptocurrency community, a prominent Bitcoin maximalist, known for his skepticism towards XRP, has issued a bullish price outlook. As of August 26, 2025, XRP has been making waves by pushing back toward the $3 mark, with the analyst forecasting a potential climb to nearly $5—though not before stirring the pot with some initial confusion about the currency in question.
Charting New Territories
The analyst highlighted a textbook W pattern on XRP’s weekly chart, which he claims signals a new phase in its market cycle. This pattern, which began at a high of $3.4 back in January, saw XRP dip to $2.11 in April, rebound to $2.6 in May, and slide to around $2 in June, before the recent rally above January’s high completed the formation. According to him, this move was a natural progression in contrast to the sharp, somewhat erratic 580% surge witnessed between November 2024 and January 2025.
His analysis didn’t stop there. Using Fibonacci extension levels, he pinpointed a 1.618 extension around 4,555 Chilean pesos, suggesting that XRP could touch 4,761 CLP—a figure that initially confused many into thinking it was a dollar amount. For clarity, 4,761 CLP translates to approximately $4.93, not the astronomical $4,761 some had feared. This follows a pattern of significant market movements, as seen in XRP’s recent 32,474% liquidation imbalance.
Institutional Interest Peaks
The narrative around XRP’s potential isn’t just confined to chart patterns. Just days before this analysis, CME Group reported that their XRP futures contracts had achieved a staggering $1 billion in open interest. This milestone was reached more swiftly than any other crypto product in the exchange’s history, highlighting burgeoning interest from institutional players. Launched on May 19, 2025, these contracts have seen 251,000 trades, amassing a notional volume of $9.02 billion. With average daily trades of $143 million and a record $235 million day in July, it’s clear that both retail and institutional investors are paying close attention to XRP’s trajectory. This surge in interest echoes the recent XRP liquidation imbalance of 101,445%, underscoring the volatile yet captivating nature of the market.
A Mixed Legacy
The analyst’s current optimism contrasts with his previous forecasts. Earlier in the year, he speculated that XRP could soar between $20 and $24 during this market cycle, though he expressed reservations about its long-term fundamentals. His skepticism, he noted, wasn’t about to wane just because the market showed signs of life. Yet, whether this latest price call is a waypoint on the journey to his higher targets remains an open question.
As XRP continues to flirt with the $3 mark, the market is watching closely to see if the token can indeed reach the predicted near-$5 range. With the backdrop of institutional flows and robust futures trading, the stage is set for what could be a pivotal moment for XRP. But as always in the volatile world of crypto, nothing is guaranteed—raising questions about whether this bullish trend can sustain itself amid broader market dynamics.
As we move into the latter part of 2025, the cryptocurrency landscape remains as unpredictable as ever. Will XRP’s newfound momentum carry it to new heights, or will it falter under the weight of its past? Only time will tell, but one thing’s for sure: the conversation around XRP is far from over.
Source
This article is based on: XRP’s Biggest Doubter Just Dropped Close To $5 Price Bomb — Here’s Why
Further Reading
Deepen your understanding with these related articles:
- Crypto Markets Lose $200 Billion as Bitcoin’s Price Tumbled to 6-Week Low: Market Watch
- Here Is Why Bitcoin’s Flash Crash May Signal Altcoin Season: Crypto Daybook Americas
- This Week’s Biggest Altcoin Gainers Revealed as BTC Calms at $115K: Weekend Watch
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
