Egrag Crypto to XRP Holders: This Is Where Structure Gets Interesting
A new macro structure is forming on the XRP chart, and the pattern now entering a critical phase could determine the next major move.
Crypto analyst EGRAG CRYPTO (@egragcrypto) shared a long-term chart showing a large W formation developing over multiple years. The chart outlines a breakout, a pullback, and a potential expansion phase if key levels hold.
The chart shows that XRP has already completed the first leg of the W formation. The second leg moved into a breakout, and now the price is pulling back toward the breakout zone. According to the chart, the current zone stands around $1.6, which aligns with a classic retest after a breakout. This area now acts as a structural support zone.
#XRP – Macro W Pattern Targeting $22? 📐
📢This is where structure gets interesting.
🟣A Macro W Formation (Green Structure) is developing:
▫️ First leg → Completed
▫️ Second leg → Breakout + Pullback in progress
▫️ Current zone = retest of breakout (~$1.60 area)
▫️ Classic…— EGRAG CRYPTO (@egragcrypto) March 21, 2026
Breakout Retest Keeps Structure Intact
The chart shows XRP retesting the breakout range between about $1.6 and $1.8. This zone now acts as the key structural level. As long as the price holds in this area, the macro structure remains valid, and the pattern continues to develop.
The analyst shows that this pattern often appears in large continuation moves on higher timeframes. The chart also shows a bullish hammer candle forming near the retest zone. This supports the idea that buyers are defending this level.
The next major level sits at $2. The analyst explains that reclaiming $2 would move XRP into what he calls the confirmation phase. If price holds above $2, the chart suggests a path toward $3.3, which marks the next major resistance zone on the structure.
Probability Assessment
The macro W pattern includes a measured move projection. On the chart, this projection extends toward the $22 region. EGRAG included a detailed probability assessment for the Macro W scenario. According to the analysis, the probability that the full W pattern plays out toward the $22 target stands between 25% to 35%.
The probability of a partial expansion into the $3 to $8 range sits around 50% to 60%. The probability of a deeper reset remains between 10% to 15%. These probabilities indicate that expansion has the highest likelihood based on the current structure. The full move to $22 remains possible if the expansion phase continues and price clears major resistance levels over time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gold falls below $4,200: Triple pressures rise, bears eye $4,000 or even $3,800
Trump Rejects Iran's Proposal for Talks; Global Stocks and Bonds Under Pressure, Oil Prices Up Over 2%, Gold Falls Below 4200
Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, causing the optimistic sentiment in the market last Friday to quickly reverse amidst the Middle East diplomatic stalemate. Brent crude oil rose over 2%, gold fell below $4,200, and silver dropped more than 4%. Asia-Pacific stock markets broadly declined, with South Korea's KOSPI falling over 2%. Global bond markets came under pressure, and the yield on the US 2-year Treasury rose to 4.90%. Market focus will shift to this week's PCE inflation data and the non-farm payroll report.
Indian Rupee starts the week negatively amid higher oil prices
AI demand drives TSMC to accelerate capacity expansion, 2nm monthly production aims for 120,000 wafers by year-end
According to reports, industry giants such as Apple, Nvidia, and AMD have collectively increased their orders by 10% to 20%, directly boosting TSMC's 2nm monthly production capacity to 120,000 wafers by the end of the year, which exceeds the previous estimate by more than 20% and brings forward the 2027 target by two years. For the first time in history, five factories will ramp up production simultaneously, and the annual compound growth rate of capacity from 2026 to 2028 will reach as high as 70%.
