XRP Eyes $17 After Massive Breakout—Is A 1,100% Surge Next?

Some XRP watchers are not waiting for a dip below $1. They are looking the other way — toward $17.

The Pattern Behind The Price Target

Market analyst Javon Marks has mapped out a long-term bull case for XRP using a measured move — a method that takes the size of a past rally and projects the same distance from a new breakout point.

His chart points to a price target of $16.39, which would represent a gain of more than 1,100% from current levels. That works out to roughly a 12x increase.

The setup goes back years. According to Marks, XRP formed a large pennant pattern starting in 2017, right after the token’s first major surge.

That kind of pattern typically reflects a pause before a trend picks back up. He says XRP broke out of that pennant in late 2024, during a broader market rally that followed the US presidential election.

Using the scale of the original 2017 run as a guide, Marks projects the next leg of the move could carry XRP to near $17.

In other words, if history repeats itself — and that is a big if — XRP could still be in the early part of a much larger move.

XRP: Debate Among Analysts

Not everyone is convinced the ride up will be smooth. Some XRP followers have raised the possibility of a fake breakout before any real rally takes hold.

Marks acknowledged that kind of short-term volatility is possible. Still, he stood by the overall structure, saying the current setup closely mirrors what XRP looked like in 2017 before it made its big run.

At current prices, Marks argues XRP is trading at a steep discount relative to where the measured move points. That framing has attracted attention from traders who follow chart-based analysis closely.

XRP has been sending mixed signals this week. The token climbed to around $1.39 after news of an Iran ceasefire, then pulled back to roughly $1.32 — a drop of about 3.3% in 24 hours.

Marks is not alone in making a high-target call, though the numbers vary widely. Analyst CG has pointed to a two-year Elliott Wave count, with Wave 3 potentially driving XRP toward $24.

Separately, another market commentator said XRP may be approaching a fresh all-time high after breaking out of a resistance-support triangle.

At the same time, some analysts have held onto the view that a drop below $1 remains on the table before any major move higher. That split shows just how divided the XRP crowd remains heading into what could be a defining stretch for the token.

Featured image from Unsplash, chart from TradingView