XRP Could Rally Near $20 After Breakout Signal Originating In 2017, Analyst Says

XRP has been moving with the broader crypto market, pushing up to important support levels and climbing to the top of its recent consolidation range near $1.36. 

That rebound has reignited bullish speculation around the altcoin, and now one analyst is laying out a much more ambitious scenario—one that, if it unfolds, could translate into a roughly 1,100% rally from current levels.

In a report published by 24/7 Wall St., market analyst Javon Marks said he has a fresh chart-based target for XRP that sits 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 rally actually happened. 

The new thesis, according to the report, is built around a long-running technical structure: a pennant pattern that began forming in 2017 and later broke out in late 2024. 

Marks’ framework starts with the earlier 2017 phase. The report notes that XRP rose from $0.006 to $3.31 in 2017 in one of the largest rallies in its history. After that burst, the token fell sharply and then spent about seven years consolidating inside the pennant structure described by the analyst. 

The long wait appears to have ended during the post-election crypto rally: in late 2024, XRP broke out of the pennant, jumping from $0.49 to above $3.60 by 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 setup and projects that distance forward from the later breakout point. 

Under that method, the analysis points to $16.39—just under the nearly $17 level that Marks posted on April 8. The report also emphasizes that the measured move is not expected to be a straight line, as pullbacks are part of the pattern.

XRP, the report says, already moved about 647% from the breakout before retracing back toward the area where it currently trades, around $1.36. Marks argues that this pullback looks more like the “normal” behavior of the pattern rather than evidence that the breakout failed. 

The report draws a comparison to what happened in 2017: the altcoin pulled back sharply after the early move, yet still went on to complete the full measured move. If history rhymes again, Marks suggests XRP could complete another leg that delivers roughly 1,100% upside from current pricing.

However, the report makes clear that reaching that kind of price would require major real-world changes, not just chart follow-through. It says that for XRP to reach such a valuation, several things would need to fall into place. 

Banks on Ripple’s network would need to start settling using XRP instead of the company’s RLUSD stablecoin and fiat. That shift is described as depending on the long-awaited CLARITY Act passing to provide legal cover for the transition. 

On top of that, XRP ETF inflows would need to grow substantially; the report notes that XRP has already attracted about $1.2 billion so far, but reaching $17 would likely require sustained inflows in the “tens of billions” over multiple years, alongside institutional adoption at a scale not yet seen.

Featured image from OpenArt, chart from TradingView.com