Prominent market analyst and XRP enthusiast Egrag Crypto shared another bullish forecast for the fourth-largest cryptocurrency, tipping the potential price upside to $22. This prediction comes amid serene movement in the XRP market after prices were rejected earlier in the week at $1.60.
XRP Set to Rise in Price Despite Pullback – Here’s Why
In Post X March 31 Egrag Crypto highlights the developing bullish pattern in the XRP market, highlighting key factors such as triggers, rationale, probability moves, and invalidation zones. An experienced market expert shares his analysis of the XRPUSDT monthly chart, indicating that actions taken over the last six years have completed the bullish W pattern.
#XRP – Macro Pattern In Targeting $22?
This is where the structure gets engaging.
The Macro W formation (Green structure) develops:
First match → Completed
— EGRAG CRYPTO (@egragcrypto) March 21, 2026
XRP is currently in the second phase of this green structure, characterized by a breakout that occurred in 2025 followed by a continuous pullback that has occupied the market since October. During this time, XRP fell by over 56%. However, Egrag stated that this represents a classic W pattern characterized by a breakout, pullback and eventual expansion.
The first reason for this expansion is that XRP needs to recover and sustain above the $1.60-1.80 area, which ensures that the bullish structure remains intact. However, a decisive rebound of $2.00 would confirm the expected bullish momentum, with an initial target of $3.30, paving the way for higher price levels following a successful takeover.
In terms of final price targets, Egrag states that there is a 25-35% probability of the bullish pattern fully materializing, pushing the XRP price to $22. On the conservative side, there is a 50-60% chance that XRP peaks in the $3-8 range, while the risk of a crash or deeper reset is around 10-15%. It is worth noting that this positive analysis is based on a number of factors, including the historical projection of typical W patterns following a breakout from an identified neck, combined with the behavior within the macro cycle.
XRP’s bullish structure rests on the key support of $1.40
According to Egrag, the bullish path presented could be invalidated by multiple events. One of them is the loss of the key support area in the USD 1.40-1.20 range, which causes the pullback to translate into a long-term downtrend. Other offsetting factors include a clear failure to regain the $2.00 area or a decline in market momentum, causing a false breakout.
At the time of writing, the price of XRP is $1.41, reflecting a decline of 2.33% in the last 24 hours. It is worth noting that the altcoin has seen negligible changes on the higher time frames, registering a gain of 0.61% and a loss of 0.35% on the weekly and monthly chart.
