XRP Maxis Dreaming of $1,700? ChartNerd Hands Out Cold Water and a Reality Check

Every crypto cycle has its moment of wild predictions. For XRP, that moment seems to be back. This time, the number doing the rounds isn't $5 or even $100. It's $1,700, and according to some corners of the internet, it could happen in just three months.

Not everyone is convinced.

Crypto analyst ChartNerd has poured cold water on the $1,700 narrative, calling it unrealistic, especially within a 90-day window. With XRP currently sitting around $1.38, such a move would require a market explosion on a scale never seen before. Not just for XRP, but for crypto as a whole.

His view: being bullish long-term is one thing. Attaching massive price targets to short timelines is another. And the two shouldn't be confused.

"I'm also an XRP maxi, just disagree with overhyping for reach. Targets like these with imminent time stamps always fade with time and are pure engagement farming," he said.

How The $1,700 Story Took Off

The idea didn't come out of nowhere. Some analysts began pointing to long-term charts and historical patterns, suggesting XRP could be nearing a major breakout. Then came bigger numbers. Targets between $1,200 and $1,700 started circulating, gaining traction quickly across social media.

Analyst Remi Relief added to the momentum, saying that the range aligned with his own research—a "sweet spot" that started making rounds among retail traders looking for the next big move.

And just like that, a narrative was born.

On-Chain Data Tells a Different Story

Adding more context, data from Santiment shows that XRP traders are currently under pressure. The average wallet is down about 41% over the past year, marking the lowest MVRV levels since the FTX collapse.

Interestingly, this kind of "pain zone" has historically signaled lower downside risk and potential accumulation opportunities. But it still doesn't support the idea of a rapid, exponential rally in the near term.

Short-Term Structure Still Looks Weak

At the same time, analyst CasiTrades is cautioning traders against flipping bullish too quickly. Despite recent green candles, XRP has failed to break resistance and is showing signs of exhaustion.

The broader structure still leans bearish, with downside targets around $1.13, $1.08, and potentially as low as $0.87 if selling pressure continues.