XRP is moving with the broader cryptocurrency market, rising to important support levels and climbing to the top of a recent consolidation range near $1.36.
This rebound has ignited bullish speculation around the altcoin, and now one analyst is offering a more ambitious scenario – one that, if unfolded, could translate into a roughly 1,100% upside from current levels.
The new target price for XRP is $16.39
In a a report Reported by 24/7 Wall Street, market analyst Javon Marks said he has a new chart-based target for XRP of just under $17. Marks is also the analyst credited with calling XRP’s move from $0.56 to $2.47 in January 2024, months before that rise actually occurred.
The new thesis, according to the report, is built on a long-term technical structure: a pennant pattern that began forming in 2017 and later broke out in late 2024.
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Marks’ framework begins with the period leading up to 2017. The report notes that XRP rose from $0.006 to $3.31 in 2017 in one The largest gatherings In its history. After this explosion, the symbol declined sharply and then spent about seven years consolidating within the flag structure described by the analyst.
The long wait seemed to be over during the post-election cryptocurrency rally: In late 2024, XRP came out of the banner, jumping from $0.49 to over $3.60 by mid-2025.
Hence, Marx says he uses the method of “measured movement”. This approach takes the size of the original spike that created the pennant setup and projects that farther forward than the more recent ones Breakthrough point.
Under this method, the analysis suggests $16.39 – just below the roughly $17 level that Marks posted on April 8. The report also emphasizes that the measured movement is not expected to be a straight line, as pullbacks are part of the pattern.
What would it take for an altcoin to rise 1,000%?
The report says that XRP actually moved approximately 647% from the breakout before falling back towards the area where it is currently trading, at around $1.36. Marks sees this pullback as looking more like “normal” behavior for the pattern and not evidence of a failed breakout.
The report compares what happened in 2017: Alternative currency Decline sharply after the early movement, yet continue to complete the entire measured movement. If history turns around again, Marks suggests that XRP could complete another phase providing approximately 1,100% upside from current prices.
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However, the report shows that reaching this type of price will require significant changes in the real world, not just following the chart. For XRP to reach this valuation, several things need to fall into place, she says.
Banks on the Ripple network will need to start settling with XRP instead of the company RLUSD stablecoin Deaths. This transition is described as relying on the long-awaited CLARITY Act to provide legal cover for the transition.
Furthermore, inflows from XRP ETFs will need to grow significantly; The report notes that XRP has already attracted around $1.2 billion so far, but reaching $17 will likely require sustained inflows amounting to “tens of billions” over several years, along with institutional adoption on a scale we have not yet seen.
Featured image from OpenArt, chart from TradingView.com
