Prominent market analyst and This prediction comes amid a quiet move in the XRP market after prices were rejected at the $1.60 price level earlier this week.
XRP Poised for Price Surge Despite Pullback – Here’s Why
In one X message on March 31, Egrag Crypto outlines a nascent bullish pattern in the XRP market, highlighting key factors such as triggers, rationales, probability moves, and invalidation zones. The seasoned market expert shares an analysis of the XRPUSDT monthly chart, indicating that the action of the past six years has now completed the formation of a bullish W pattern.
#XRP – Macro W pattern targeting $22?
This is where structure gets interesting.
A Macro W formation (green structure) develops:
First stage → Completed
— EGRAG CRYPTO (@egragcrypto) March 21, 2026
XRP is currently in the second phase of this green structure, marked by a breakout that occurred in 2025, followed by the continued pullback that has consumed the market since October. During this time, XRP has fallen by more than 56%. However, Egrag has stated that this represents a classic W pattern, characterized by breakout, pullback and an eventual expansion.
The first trigger for this extension is that XRP needs to regain and stay above the $1.60-$1.80 region, which ensures that the bullish structure remains intact. However, a decisive retracement of $2.00 would confirm the expected bullish rise, with an initial target of $3.30, opening the way to higher price levels in the event of a successful takeover.
In terms of final price targets, Egrag gives a 25%-35% chance that the bullish pattern will fully play out, sending XRP’s price up to $22. On the conservative side, there is a 50%-60% chance of XRP peaking in the $3-$8 range, while the chance of a bust or a deeper reset is around 10%-15%. Notably, this positive analysis is based on multiple factors, including the historical projection of typical W patterns after breaking a recognized neckline, combined with macrocycle behavior.
XRP’s bullish structure hinges on key support at $1.40
According to Egrag, the presented bullish trajectory can be negated by several developments. One of these is the loss of the key support area between $1.40 and $1.20, which translates the pullback into a long-term downtrend. Other offsetting factors include a clear inability to reclaim the $2.00 region or a drop in bullish momentum in the market, creating a fake breakout.
At the time of writing, XRP is trading at $1.41, reflecting a decline of 2.33% in the past 24 hours. Notably, the altcoin has registered negligible changes on higher time frames, with a gain of 0.61% and a loss of 0.35% on the weekly chart and the monthly chart.