XRP Could Rally Near $20 After Breakout Signal | Crypto News
XRP has been shifting with the broader crypto market, pushing up to important help ranges and climbing to the top of its latest consolidation vary close to $1.36.
That rebound has reignited bullish hypothesis around the altcoin, and now one analyst is laying out a a lot more formidable state of affairs—one that, if it unfolds, might translate into a roughly 1,100% rally from current ranges.
New XRP Price Target At $16.39
In a report printed by 24/7 Wall St., market analyst Javon Marks said he has a contemporary chart-based goal for XRP that sits just under $17. Marks is also the analyst credited with calling XRP’s transfer from $0.56 to $2.47 in January 2024, months before that rally really occurred.
The new thesis, according to the report, is constructed around a long-running technical construction: a pennant sample that started forming in 2017 and later broke out in late 2024.
Marks’ framework begins with the earlier 2017 section. The report notes that XRP rose from $0.006 to $3.31 in 2017 in one of the largest rallies in its historical past. After that burst, the token fell sharply and then spent about seven years consolidating inside the pennant construction described by the analyst.
The long wait seems to have ended during the post-election crypto rally: in late 2024, XRP broke out of the pennant, leaping from $0.49 to above $3.60 by mid-2025.
From there, Marks says he makes use of a “measured move” technique. This strategy takes the dimensions of the unique rally that created the pennant setup and tasks that distance ahead from the later breakout level.
Under that technique, the analysis factors to $16.39—just under the almost $17 degree that Marks posted on April 8. The report also emphasizes that the measured transfer isn’t anticipated to be a straight line, as pullbacks are half of the sample.
What Would It Take For The Altcoin To Rally 1,000%?
XRP, the report says, already moved about 647% from the breakout before retracing back toward the world where it at present trades, around $1.36. Marks argues that this pullback seems to be more just like the “normal” habits of the sample fairly than evidence that the breakout failed.
The report attracts a comparability to what occurred in 2017: the altcoin pulled back sharply after the early transfer, yet still went on to full the full measured transfer. If historical past rhymes again, Marks suggests XRP might full another leg that delivers roughly 1,100% upside from current pricing.
However, the report makes clear that reaching that type of price would require major real-world adjustments, not just chart follow-through. It says that for XRP to attain such a valuation, a number of issues would need to fall into place.
Banks on Ripple’s community would need to start settling utilizing XRP instead of the company’s RLUSD stablecoin and fiat. That shift is described as relying on the long-awaited CLARITY Act passing to present legal cowl for the transition.
On top of that, XRP ETF inflows would need to grow considerably; the report notes that XRP has already attracted about $1.2 billion so far, but reaching $17 would probably require sustained inflows in the “tens of billions” over a number of years, alongside institutional adoption at a scale not yet seen.
Featured image from OpenArt, chart from TradingView.com
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