[ad_1]
Prominent market analyst and XRP enthusiast Egrag Crypto has shared another bullish prediction on the fourth-largest cryptocurrency, tipping a potential price surge to $22. This prediction comes amid a calm movement in the XRP market after prices suffered a rejection at the $1.60 price level earlier in the week.
XRP Set For Price Expansion Despite Pullback – Here’s Why
In an X post on March 31, Egrag Crypto outlines a budding bullish pattern in the XRP market, highlighting key factors such as triggers, rationale, probability moves, and invalidation zones. The seasoned market expert shares an analysis of the XRPUSDT monthly chart, indicating that action over the last six years has now completed the formation of a bullish W pattern.
#XRP – Macro W Pattern Targeting $22?
This is where structure gets interesting.
— EGRAG CRYPTO (@egragcrypto) March 21, 2026
This is where structure gets interesting.
A Macro W Formation (Green Structure) is developing:
First leg → CompletedXRP is presently in the second phase of this green structure, marked by a breakout that occurred in 2025, followed by the ongoing pullback that has occupied the market since October. During this time, XRP has declined by over 56%. However, Egrag has stated this represents a classic W pattern marked by breakout, pullback, and an eventual expansion.
The 1st trigger for this expansion is that XRP must reclaim and hold above the $1.60-$1.80 region, which ensures the bullish structure remains intact. However, a decisive reclaim of $2.00 would represent confirmation of the expected bullish surge, with an initial target of $3.30, which opens the path to higher price levels upon a successful capture.
In terms of final price targets, Egrag states a 25%-35% chance the bullish pattern plays out fully, driving XRP’s price to $22. On the conservative side, there is 50%-60% chance XRP peaks within the $3-$8 range, while chances for a failure or deeper reset stand around 10%-15%. Notably, this positive analysis is based on multiple factors, including the historical projection from typical W patterns following breakout from a recognized neckline, combined with macro cycle behavior.
XRP Bullish Structure Hinges On Key $1.40 Support
According to Egrag, the presented bullish pathway can be invalidated by multiple developments. One of which is the loss of the key support region between $1.40 -$1.20, causing the pullback to translate into a long-term downtrend. Other nullifying factors include a clear failure to reclaim the $2.00 region or a decline in market bullish momentum, creating a fake breakout.
At the time of writing, XRP trades at $1.41, reflecting a 2.33% decline in the last 24 hours. Notably, the altcoin has recorded negligible changes on higher time frames, reporting a 0.61% gain and 0.35% loss on the weekly chart and monthly chart.
[ad_2]
Source link
