- XRP’s surge targets 4,761 CLP, but not as expected.
- W pattern and Fibonacci extension signal major XRP potential.
- Price prediction of 4,761 CLP translates to $4.90 USD.
XRP has been making waves in the crypto market recently, sparking excitement among traders after surging to new highs in July. According to Davinci Jeremie (@Davincij15), this rally is just the beginning, and XRP could be headed towards a remarkable target.
In a recent video posted on X, Jeremie noted that XRP is primed for a decisive breakout that would send the coin into levels never reached before. According to him, the Ripple-backed token would surge to 4,761, representing a huge figure at first glance.
However, he immediately emphasized that the figure 4,761 was in Chilean Pesos (CLP). While it might sound like a sky-high price, it actually translates to just around $4.90 USD.
Jeremie points to XRP’s recent price action, noting that it has formed a clean market structure with a perfect W pattern. This technical setup, combined with a 1.618 Fibonacci extension, suggests that XRP could reach 4,761 CLP.
The key takeaway here is the difference in currency value-the $4.90 USD equivalent of the 4,761 CLP target may catch many off guard, but it aligns with current market behavior.
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What Makes the Target Achievable
The bullish outlook for XRP is supported by strong technical indicators, including the W pattern and the Fibonacci extension, both of which suggest that further price growth is possible. The 1.618 Fibonacci level is often seen as a key target in an uptrend, and XRP has been following this path.
Jeremie also clarifies that the surge is not driven by manipulation, but rather by healthy market behavior. This shift suggests that XRP’s price movement is based on real demand and market support, not short-term speculative action. As XRP continues to push past key resistance levels, its potential for growth looks increasingly promising.
However, as many crypto enthusiasts rush to anticipate a price in the US dollar range, the target of 4,761 CLP should be understood in the context of the Chilean Peso and not as a direct comparison to the USD value.
