XRP $17 Measured Move Target Remains Active, Chart Analyst Argues
A technical analysis circulating in XRP communities maintains that a measured move price target near $17 remains valid for the current market cycle. The claim is based on chart patterns and a broader macro thesis, with the analyst cited as having made accurate calls in 2024.
A widely followed XRP chart analyst is reiterating that a measured move target near $17 remains in play for the current market cycle. The argument draws on both technical chart patterns and a broader macroeconomic thesis, with the analyst pointing to what they describe as substantial supporting evidence.
The analyst in question is noted for having made correct directional calls on XRP during 2024, which has lent their current projection additional attention within the community. The measured move framework is a technical charting method that extrapolates a price target based on the size of a prior move.
No fundamental catalysts or confirmed on-chain data were cited in support of the target. The projection remains a technical opinion and has not been corroborated by institutional or regulatory developments at this time.
Key facts
- •Measured move price target near $17 cited for current market cycle
- •Analyst reportedly made accurate XRP calls during 2024
- •Target is based on technical chart patterns and a macro thesis
- •No fundamental on-chain or institutional data cited to support the projection