Analyst forecasts XRP to $22 if $2 breakout holds

Egrag Crypto spots a macro “W” on XRP and sets a path to $22. He says the $1.60 area is a textbook retest after rejection and pullback. Egrag Crypto X post.

He maps a six‑year structure on the monthly chart. The first leg is done. A 2025 breakout was followed by a pullback since October. He frames this as breakout, pullback, then expansion. Chart and notes.

Key triggers
- Reclaim and hold $1.60–$1.80 to keep the structure valid source.
- Clear reclaim of $2.00 confirms the move, with an initial target at $3.30 source.

Targets and probabilities
- 25%–35% odds the full pattern plays to $22 source.
- 50%–60% odds a peak in the $3–$8 range source.
- 10%–15% odds of failure or deeper reset source.

Invalidation
- Lose $1.40–$1.20 support and the pullback turns into a downtrend source.
- Fail to reclaim $2.00 or see momentum fade into a fake breakout source.