Well-known market analyst Egrag Crypto believes XRP, currently the fourth-largest cryptocurrency, could see its price jump to $22. This optimistic forecast comes after a period of stability in the XRP market, following a recent unsuccessful attempt to break through the $1.60 price point earlier this week.
XRP Set For Price Expansion Despite Pullback – Here’s Why
On March 31st, crypto analyst Egrag Crypto shared a potential bullish signal for XRP on X (formerly Twitter). They pointed to a developing pattern on the XRPUSDT monthly chart – a ‘W’ shape formed over the past six years – and explained the factors that suggest a price increase, including likely price movements and levels that would invalidate the analysis.
#XRP – Macro W Pattern Targeting $22?
This is where structure gets interesting.
A bullish pattern, known as a Macro W Formation, is taking shape. The first part of the pattern is complete, and the second part – a breakout followed by a slight dip – is currently happening. Right now, the price is testing the breakout level, around $1.60, which is typical for this pattern.
— EGRAG CRYPTO (@egragcrypto) March 21, 2026
XRP is currently in the second part of a positive trend, which began with a breakout in 2025. Since October, the price has been dropping – falling over 56% in total. However, according to Egrag, this decline is typical of a ‘W’ pattern, suggesting a breakout, a temporary dip, and then a likely price increase.
The first step towards price growth for XRP is breaking and staying above the $1.60 to $1.80 range – this will confirm the current upward trend is still valid. If XRP clearly surpasses $2.00, it will strongly signal the expected price increase, potentially reaching $3.30 initially, and paving the way for even higher prices if successful.
According to Egrag, there’s a 25-35% possibility that a positive price trend will push XRP up to $22. More conservatively, they estimate a 50-60% chance the price will peak between $3 and $8. The chance of the trend failing or experiencing a significant drop is around 10-15%. This optimistic outlook is based on both historical price patterns – specifically, how XRP has behaved after similar ‘W’ formations – and broader market cycles.
XRP Bullish Structure Hinges On Key $1.40 Support
Egrag notes that several things could negate the optimistic outlook. If the price falls below the $1.20-$1.40 support level, what initially looks like a temporary dip could turn into a lasting downward trend. Additionally, failing to break above $2.00 or a weakening of overall market optimism could create a false signal of growth.
As of today, XRP is trading at $1.41, which is down 2.33% over the past 24 hours. Looking at longer-term trends, the price has remained relatively stable, with a slight gain of 0.61% over the past week and a small decrease of 0.35% over the past month.
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2026-03-22 12:41