A market analyst has identified a potential breakout pattern in XRP's price chart, suggesting that the altcoin could rally to $16.39 or more.
The analyst's framework starts with the earlier 2017 phase, where XRP rose from $0.006 to $3.31 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.