Analyst sets XRP $17 target after long-term pennant breakout using measured move

Analyst sets $16.39 target for XRP after 2017‑style pennant breakout

Analyst Javon Marks maps a $16.39 target for XRP, about a 12x move. He uses a measured move from a multi‑year setup.

Marks’ thread lays out a long‑term bull case and a breakout in late 2024, echoing 2017 action. Source.

“Measured move price target for $XRP is right under $17.” Tweet.

He traces a large pennant starting in 2017 and says the breakout hit in late 2024 during the post‑election rally. Details.

Near term, price whipsawed. XRP popped to ~$1.39 on Iran ceasefire headlines, then eased to ~$1.32 over 24 hours (about −3.3%). Al Jazeera live blog.

Some warn of a fake breakout before any real leg higher. View. Marks allows for short‑term volatility but says the structure mirrors 2017. Thread.

• Analyst CG cites a two‑year Elliott Wave count, with Wave 3 targeting up to $24. Elliott Wave explainer
• Another commentator says XRP may be nearing a fresh all‑time high after a triangle breakout. Post

The XRP camp remains split on path and timing.