Crypto analysts are seeing signs of strength in XRP, despite a substantial drop in Bitcoin (BTC) over the weekend.

On X, veteran trader Davinci Jeremie, who is known for urging people to buy Bitcoin in 2011 when it was $1, says XRP can go higher and has a possible target of hitting $5.

Jérémie pointed out a strong pump that produced a \\"W\\" market structure and a new local high, which he claimed was a legitimate movement rather than manipulation.

XRP TO 4761 !!!?

XRP just made a massive move and it might only be the beginning. A clean market structure, a perfect W pattern, and a potential 1.618 Fibonacci extension point to a shocking

$4,761 (yes, in CLP ????????) pic.twitter.com/2lxy6sOPBa

— Davinci Jeremie (@Davincij15) August 26, 2025

Trader CasiTrades noted BTC went as low as $110,500, marking a new local low, before it bounced back above $112,700. However, XRP has stayed strong in its consolidation range, and analysts believe that it's a positive divergence that could mean XRP is setting up for a bullish breakout.

CasiTrades emphasized the $2.91 mark as a \\"golden retrace\\" support level, which is commonly a key region for Wave 2 pullbacks according to Elliott Wave theory.

If that level holds, she suggested, XRP may be forming a classic Wave 3 continuation move to the upside. The next resistance level is at $3.12, and breaking above this level would confirm a larger upward trend for XRP.

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Similarly, analyst Ali Martinez (@ali_charts) suggested that XRP may soon test $3.70, with technical setups increasing in strength that favor higher Fibonacci extensions.

It won't take long before $XRP is back at $3.70! pic.twitter.com/egSX6vcwgC

— Ali (@ali_charts) August 25, 2025

XRP is currently trading near $2.96, having defended the $2.90 zone multiple times. Technical indicators throughout the market, such as the Relative Strength Index (RSI), are indicating bullish divergences. This is an early warning that the negative trend is slowing down, even if prices are hitting new lows.

For example, over the last two weeks, the Spent Output Profit Ratio (SOPR) and other on-chain statistics have also shown that profit-taking has slowed down, which could lead to more upward movement.

Should XRP break through $3.12 decisively, analysts believe the token's possible targets would be a $3.70 target aggressively in the short term, toward a possible $4 target, with bullish models indicating possible new all-time highs as long as the rally maintains itself.

Time will tell, but in the meantime, the fact that XRP can maintain its structure while BTC struggles makes the token stand out among major coins.

This story was originally reported by TheStreet on Aug 26, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.