Top XRP Critic Predicts XRP to Hit 4,761 — Here’s What He Means

A well-known Bitcoin maxi and long-term XRP critic has presented his mid-term XRP target amid the recovery toward $3.

For context, XRP is again testing the $3 level, a price point that has become a major line for investors. After a strong rally earlier this year, it now faces pressure to prove it can hold and build on its gains. 

While the community discusses whether XRP has the strength for another leg up, one of its most vocal critics, Davinci Jeremie, has presented what he believes could be XRP’s short-term price target.

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Davinci Jeremie Predicts XRP to 4,761

Jeremie, a well-known early Bitcoin adopter, has long dismissed XRP’s potential. However, in his latest analysis, he pointed to a target of 4,761. While this may have been interpreted as $4,761 on the surface, he later clarified that his projection was in Chilean pesos, which equals about $4.93 in U.S. dollars.

Despite this, his analysis remains mildly bullish, particularly as he expects XRP to double from its current level. Specifically, he explained that XRP recently built a strong price structure, forming what he described as a clear “W” pattern on the charts. 

For context, this W pattern formed on the weekly chart after XRP dropped from the $3.4 peak in January. From this level, it hit a low of $2.11 in April, recovered to a high of $2.6 in May before collapsing again to around $2 in June. The latest recovery back above the January peak of $3.4 completed the formation of the W pattern. 

Jeremie noted that the price action leading to this W pattern looked organic rather than manipulated. The Bitcoin maxi said this recent price action contrasts XRP’s sharp 580% surge from November 2024 to January 2025, which he insinuated was manipulated.

Now, with XRP breaking above the W pattern, Jeremie applied Fibonacci extension levels from the foundation, which pointed to a target of 4,555 pesos at Fib. 1.618. He argued that XRP could push slightly beyond that mark and hit the 4,700 range before cooling off. In dollar terms, this places XRP just under the $5 line.

Earlier Predictions of an XRP Run to $24

The recent analysis comes after his comments on XRP earlier in the year. Notably, for years, he dismissed XRP as little more than a “stablecoin” and regularly predicted it would collapse to zero.

However, this tune changed after XRP staged a massive rally between November 2024 and January 2025, climbing 580% and breaking through $3. Following that surge, Jeremie revised his stance and said XRP could climb to between $20 and $24 during this cycle.

Still, he didn’t fully abandon his doubts. In January, while acknowledging XRP’s rally, he warned that he didn’t view it as a safe long-term bet. He stressed that his optimism was tied to the cycle’s momentum rather than any newfound confidence in XRP’s fundamentals. 

Speaking again in April, he maintained the bullish prediction. At the time, when XRP had dropped below $3 and fought to hold $2, he still projected that it might reach $24 before the year’s end. It is unclear if his recent prediction of a run to $4.93 represents his short-term target before the run to $24.