Prominent market analyst and XRP enthusiast Egrag Crypto shared another bullish prediction for the fourth largest cryptocurrency, pushing the price up to $22. This forecast comes amid calm movement in the XRP market after prices were rejected 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 reveals the growing bullish pattern in the XRP market, highlighting key factors such as triggers, logic, possible moves, and invalid areas. A seasoned market expert shares an analysis of the monthly chart of XRPUSDT, which shows that the action over the past six years has now completed the formation of a bullish W pattern.
#XRP – Macro W Pattern Targeting $22?
This is where the plot gets interesting.
The Macro W Formation (Green Structure) is developing:
First leg → Completed
– EGRAG CRYPTO (@egragcrypto) March 21, 2026
XRP is currently in the second phase of this green structure, marked by the breakout that occurred in 2025, followed by the ongoing pullback that has gripped the market since October. During this period, XRP fell by more than 56%. However, Egrag said this represents a classic W pattern marked by splitting, retreating, and eventually expanding.
The 1st trigger for this extension is that XRP should recover and hold above the region of $1.60-$1.80, which ensures that the bullish structure remains intact. However, a decisive retracement of $2.00 would represent confirmation of the expected bullish upside, the initial target of $3.30, paving the way to higher price levels upon successful holding.
In terms of the final price target, Egrag says there is a 25%-35% chance that the bullish pattern will play out in full, bringing the XRP price to $22. On the conservative side, there is a 50%-60% chance that XRP will rise within the $3-$8 range, while the chance of a failure or deep reset stands at around 10%-15%. Notably, this positive analysis is based on many factors, including historical projections from typical W patterns following known neckline breakouts, combined with macro cycle behavior.
XRP Bullish Structure Hinges On Key $1.40 Support
According to Egrag, the presented bullish approach may not work for many developments. One of them is the loss of the main support region between $ 1.40 – $ 1.20, which causes the pullback to translate into a long-term downtrend. Other alarming factors include an apparent failure to regain the $2.00 area or a decline in market momentum, creating a false breakout.
At the time of writing, XRP is trading at $1.41, representing a 2.33% decrease in the last 24 hours. Notably, the altcoin recorded negligible changes in the higher time frames, reporting a gain of 0.61% and a loss of 0.35% on the weekly chart and the monthly chart.
