XRP traded sideways on Friday following a volatile week marked by a broader downturn across the cryptocurrency market.
Notably, over the past week, the cryptocurrency increased by almost 2% amid selling pressure across major digital assets.
Meanwhile, analyst Javon Marks highlighted a potential “measured move” formation developing on XRP’s long-term chart. According to his projection, if the bullish structure continues to play out as anticipated, XRP could be on track toward a target just below $17.
According to his analysis, Marks suggested that XRP’s breakout pattern resembles a classic 2017-style pennant formation that has historically preceded explosive market moves.
Based on that comparison, the analyst argued that XRP could experience an upside expansion of 1,111% from current levels if momentum continues to build and the breakout structure is confirmed.
 
Additionally, analyst FinanceBro pointed to what he sees as a potentially imminent breakout setup for XRP. In a post on X, the analyst suggested that the asset may be nearing a key decision point, with a breakout possibly unfolding within a very short timeframe.
He also noted that, under certain market conditions, more aggressive upside scenarios remain technically valid, with long-term targets sitting well above current price levels.
Similarly, analyst XRP Captain pointed to the possibility of a confirmation-driven breakout in the near term.
The analyst suggested that if key near-term conditions are met, XRP could enter price discovery mode and potentially challenge new all-time highs. This view reflects growing sentiment among some traders that XRP is compressing within a tightening structure that often precedes volatility expansions.
However, analyst CasiTrades presented a more cautious short-term outlook, noting that XRP may have completed a recent corrective bounce.
According to her interpretation, the asset has likely entered a new wave structure, which could lead to further downside before any sustained rally resumes.
The analyst further explained that XRP’s recent movement closely aligned with the 0.618 Fibonacci retracement level, which often serves as a key technical reaction zone during corrective phases.
In her view, while the smaller wave structure may have shifted, the broader market formation remains intact. This suggests that XRP’s next major move has not yet fully begun, and further consolidation or downward pressure could still occur before a larger trend emerges.
Elsewhere, analyst Xaif Crypto highlighted a bullish Ichimoku cloud setup forming on XRP’s chart, noting that a key crossover between the Tenkan-sen and Kijun-sen lines has already occurred.
Although XRP is still trading below the Ichimoku cloud, the cloud structure ahead is turning green, which some traders interpret as an early indication of improving momentum.
At press time, XRP was trading at $1.35, reflecting a 2.34% boom in the past 24 hours.
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