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XRP Bulls Target $4.93 Amid Technical Breakout
XRP is once again testing the key $3 price level, a critical psychological and technical zone for investors. After an explosive rally earlier this year, the asset now faces a new test: Can it hold recent gains and push higher?
A Surprising Target from an Unlikely Source
Crypto commentator Davinci Jeremie, an early Bitcoin adopter and longtime XRP skeptic, recently shared a bullish short-term outlook for XRP. In his latest analysis, he projected a target of 4,761 Chilean pesos—approximately $4.93 USD.
While this may have initially caused confusion, Jeremie clarified the currency denomination and backed the call by citing a bullish “W” pattern on XRP’s weekly chart.
The W Pattern That Changed His Tone
According to Jeremie, XRP’s recent price structure reflects a strong organic trend. The “W” formation began after XRP fell from its $3.4 peak in January, bottomed at $2.11 in April, bounced to $2.6 in May, and briefly dropped below $2 in June. The recent breakout back above $3.4, he says, completed the bullish pattern.
Using Fibonacci extension levels, Jeremie projected a possible rally toward 4,555 pesos at the 1.618 Fib level, with potential to stretch to the 4,700 peso range—just under $5 USD.
From $0 to $24: A Changing Narrative
Jeremie’s outlook has evolved. After years of labeling XRP a “stablecoin” destined to collapse, he acknowledged the asset’s 580% surge from November 2024 to January 2025. Following that move, he revised his long-term projection to $20–$24 for the current cycle.
Still, he remains cautious. As he stated in January,
“My optimism is driven by cycle momentum—not XRP’s fundamentals.”
His most recent $4.93 target appears to be a short-term outlook ahead of the larger move he continues to expect by year-end.
