XRP News Today: XRP Reclaims Key Gann Arc After 111% Measured Move Miss Eyes $11–$22 Long-Term Range

XRP’s price action has reasserted a key Gann arc structure following a significant deviation in its 2023 measured move, with analysts now eyeing a long-term target range of $11–$22. The cryptocurrency’s recent movement above the $3.16 support level marks a re-entry into a historical technical framework defined by intersecting diagonals and logarithmic projections. This development follows a March 2023 breakout from a falling wedge pattern that failed to meet its traditional price target by 111%, shifting focus toward alternative analytical models for volatile markets [1].

The wedge’s initial projected target was $1.78, but XRP halted at a much lower level, highlighting limitations in conventional measured move calculations. This shortfall has reinforced the argument for logarithmic-based projections, which better align with exponential market behavior. Current price action, now trading at $3.20, is testing resistance near $3.23 while maintaining support above $3.16. This stability suggests a potential consolidation phase within a broader arc structure, which analysts describe as a “Macro GO-GO Level”—a critical midpoint in the formation [2].

The reclamation of the Gann arc structure is significant for its historical symmetry. The arc, defined by vertical and diagonal alignments, has shown consistency across prior market cycles. XRP’s recent move through the lower boundary of the arc has triggered renewed interest in long-term projections. If the current structure remains intact and the symmetry holds, price targets could extend to $11 or even $22, particularly if further undershoots occur [3]. Analysts caution that these projections rely on logarithmic measurements, which account for exponential growth patterns rather than linear assumptions.

July 27 data indicates XRP lost 8.5% over the past week, though it has held the $3.20 level against broader market pressures. Relative strength metrics show marginal divergence from BTC and ETH, with a reading of 0.00002710 BTC. Strong support at $3.16 has prevented deeper corrections, maintaining a tight trading range between $3.16 and $3.23. The technical environment remains focused on testing macro resistance without disrupting the key structure. A breakout would likely require confirmation through increased volume or structural expansion toward the next resistance arc [4].

The interplay between the short-term wedge and long-term Gann arc continues to define XRP’s chart dynamics. While immediate volatility persists, the broader arc’s integrity suggests a potential extension toward the $11–$22 range by 2026. This projection hinges on the convergence of multiple diagonal levels and the continuation of historical symmetry. Analysts emphasize that the current price action reflects a critical juncture, with logarithmic models increasingly viewed as a more reliable tool for long-term forecasting in crypto markets.

Source: [1][2][3][4]

[1] [XRP Reclaims Key Gann Arc Structure After 111% Measured Move Miss—Eyes $11–$22 Long-Term Range] [https://cryptonewsland.com/xrp-reclaims-key-gann-arc-structure-after-111-measured-move-miss-eyes-11-22-long-term-range/]