XRP (CRYPTO: XRP) has declined about 29% in recent weeks, even as institutional inflows surge to their highest levels since December 2025.

Trader Notes: Analyst Javon Marks suggests XRP could reach a measured move target just below $17, implying a potential gain of more than 1,100%. The projection is based on a large pennant breakout pattern, like XRP’s 2017 rally.

Another analyst, Cantonese Cat, said that if XRP reclaims its previous all-time high, the next key level could be around $6, aligned with the 1.272 Fibonacci extension. The analyst also noted that XRP may have already formed a capitulation bottom on higher timeframes.

Statistics: Data from CoinShares shows XRP recorded $116.9…

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