Someone Tell XRP Holders: $1,700 Is a Bit Ambitious, Even for Crypto

XRP is having one of those moments again. You know the ones—where the number on the chart goes from "ambitious" to "what are we even doing here." This time, the target floating around social media is $1,700, and some folks want you to believe it could happen in just 90 days.

For context, XRP is currently chilling around $1.38. Getting to $1,700 would require gains that make previous bull runs look like a warm-up act. We're talking about a multiplier that would make Bitcoin's biggest pumps blush.

Not everyone's buying it. Crypto analyst ChartNerd has officially poured cold water on the $1,700 fantasy, calling it unrealistic—especially on such a short timeline.

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

Ouch.

So where did this even come from? Some analysts started pointing to long-term charts, suggesting XRP might be heading toward a major breakout. Then the numbers got bigger. Targets between $1,200 and $1,700 started making the rounds, picking up steam among retail traders hunting for the next moonshot.

Analyst Remi Relief added fuel to the fire, claiming his own research supported that range—a "sweet spot" that got shared far and wide across crypto Twitter.

Meanwhile, on-chain data tells a different story. Santiment shows XRP traders are getting wrecked: the average wallet is down roughly 41% over the past year, marking the lowest MVRV levels since the whole FTX saga. Historically, these "pain zones" can signal lower downside risk and accumulation opportunities. But accumulation isn't the same as a parabolic explosion.

CasiTrades is also hitting the brakes. Despite recent green candles, XRP keeps failing to break key resistance and is showing signs of exhaustion. The broader structure leans bearish, with downside targets around $1.13, $1.08, and potentially as low as $0.87 if selling pressure keeps up.

So, long-term XRP believers might want to hold onto that optimism