XRP is moving with the broader crypto market, rising to key support levels and climbing to the top of its recent consolidation range near $1.36.
That recovery has reignited bullish speculation around the altcoin, and now one analyst is outlining a much more ambitious scenario – one that, if it unfolds, could translate into a rally of around 1,100% from current levels.
New XRP price target of $16.39
In one report published by 24/7 Wall St., market analyst Javon Marks said he has a new chart-based target for XRP that is just below $17. Marks is also the analyst who called XRP’s move from $0.56 to $2.47 in January 2024, months before that rally actually happened.
The new thesis, according to the report, is built around a long-standing technical structure: a pennant pattern that began forming in 2017 and later broke out in late 2024.
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Marks’ framework starts with the earlier phase of 2017. The report notes that in 2017, XRP rose from $0.006 to $3.31 in one of the biggest rallies in its history. After that outburst, the token fell sharply and then consolidated within the pennant structure described by the analyst for about seven years.
The long wait seems to have come to an end during the post-election crypto rally: XRP broke out of the pennant at the end of 2024, jumping from $0.49 to above $3.60 in mid-2025.
From there, Marks says he uses a “measured move” method. This approach takes the size of the original rally that created the pennant lineup and projects it away from the later one breakout point.
Using this method, the analysis points to $16.39 – just below the near $17 level Marks was trading on April 8. The report also highlights that the measured movement is not expected to be a straight line as pullbacks are part of the pattern.
What would it take for the Altcoin to rise 1,000%?
According to the report, Marks argues that this pullback looks more like the “normal” behavior of the pattern than evidence that the breakout has failed.
The report makes a comparison with what happened in 2017: the altcoin retreated sharply after the early move, but still continued to complete the fully measured move. If history rhymes again, Marks suggests that XRP could complete a new phase that delivers approximately 1,100% upside over current prices.
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However, the report makes it clear that achieving such a price would require major changes in the real world, and not just following charts. It says that for XRP to achieve such a valuation, several things need to fall into place.
Banks on Ripple’s network should start settling with XRP instead of the company’s own RLUSD stablecoin and fiat. This shift is described as hinging on the long-awaited CLARITY Act that will provide legal cover for the transition.
Moreover, XRP ETF inflows should grow substantially; The report notes that XRP has already attracted around $1.2 billion to date, but reaching $17 would likely require sustained inflows of “tens of billions” over several years, in addition to institutional adoption on a scale not seen before.
Featured image from OpenArt, chart from TradingView.com