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. Related Reading: The Bear Market Divergence That Shows What’s Really 
Going On With Bitcoin XRP Set For Price Expansion Despite Pullback &#8211; Here&#8217;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 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&#8217;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. Related Reading: XRP Price Is 
Maintaining This Multi-Year Trendline, But A Crash Could Be Looming 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. Featured 
image from iStock, chart from Tradingview

XRP Macro Pattern Points To $22 Target – Details

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