XRP is moving along with the broader cryptocurrency market, climbing to vital support levels and climbing to the top of its recent consolidation range near $1.36.
This rebound has reignited bullish speculation around the altcoin, and now one analyst is laying out a much more ambitious scenario – one that, if realized, could translate into an enhance of around 1,100% from current levels.
New XRP price target of $16.39
In report published by 24/7 Wall St., market analyst Javon Marks said he has a novel chart-based target for XRP of just under $17. Marks is also the analyst credited with triggering XRP’s move from $0.56 to $2.47 in January 2024, several months before the surge actually occurred.
According to the report, the novel thesis is based on a long-standing technical structure: a pennant pattern that began to form in 2017 and emerged in overdue 2024.
Marx’s framework starts from an earlier phase in 2017. The report notes that XRP rose from $0.006 to $3.31 in 2017 in one of the biggest rallies in its history. After this breakout, the token dropped sharply and then spent about seven years consolidating in the pennant structure described by the analyst.
The long wait appears to be over during the post-election crypto rally: In overdue 2024, XRP broke out of the pennant, jumping from $0.49 to over $3.60 by mid-2025.
Marks says he has been using the “measured movement” method from this point on. This approach takes the size of the original rally that created the pennant and projects the distance forward from the posterior break point.
According to this method, the analysis points to $16.39 – just below the almost $17 level that Marks observed on April 8. The report also emphasized that the measured movement is not expected to be a straight line because pullbacks are part of a pattern.
What would have to happen for Altcoin to enhance by 1000%?
The report shows that XRP has already moved about 647% since the breakout before returning to the area where it is currently trading, which is around $1.36. Marks argues that this pullback is more like “normal” pattern behavior than evidence that the breakout has failed.
The report makes a comparison with what happened in 2017: altcoins he pulled back abruptly after the early move, but still continued with a full, measured movement. If history begins to rhyme again, Marks suggests that XRP could complete another stage that would deliver around 1,100% upside from current prices.
However, the report makes it clear that achieving such a price would require major real-world changes, not just following the charts. He says that for XRP to reach this valuation, a few things would have to go down.
Banks on the Ripple network would have to start settling using XRP instead of the company RLUSD coin and Fiat. It was described that this change is dependent on the long-awaited adoption of the CLARITY Act, which will provide legal protection for the transition.
Moreover, XRP ETF inflows would need to enhance significantly; the report noted that XRP has already attracted around $1.2 billion, but reaching $17 would likely require a steady inflow of “tens of billions” over many years, as well as institutional adoption on an unprecedented scale.
Featured image from OpenArt, chart from TradingView.com
