Crypto Analyst Identifies Multi-Year XRP Pattern with $40 Ultimate Target

• XRP completes W formation after seven-year consolidation and correction cycle.
• Analyst sets progressive targets at $15, $22, and $40 from current $2.21 price.
• Profit-taking strategy recommended starting at $6-7 range to avoid timing risks.

Market analyst EGRAG Crypto has identified a completed W pattern formation in XRP’s price chart spanning multiple years of market cycles. The technical structure suggests potential for major upward movement from current trading levels around $2.21.

The W pattern began forming after XRP reached its January 2018 peak of $3.8, followed by a steep correction to $0.1050 in March 2020. This decline created the first bottom of the double-bottom structure that characterizes W formations in technical analysis.

XRP’s recovery from the March 2020 low led to a rally reaching $1.96 by April 2021, completing the first half of the W pattern. The second decline occurred following the Terra ecosystem collapse, pushing XRP down to $0.2879 in June 2022 to form the pattern’s second bottom.

Breakout retest creates consolidation phase

The November 2024 cryptocurrency market surge allowed XRP to complete the W formation by breaking above the pattern’s resistance level. However, the token encountered selling pressure at $3.4 in January 2025, leading to the current consolidation period.

XRP has traded within a $2.0 to $2.3 range for the past four months, with occasional moves outside these boundaries. The current price action represents a retest of the W pattern breakout level, a common occurrence in technical analysis.

EGRAG’s analysis suggests the $2.0 support level has held during this retest phase, indicating the breakout remains valid. The analyst has established three price targets based on the W pattern completion. The first objective sits at $15, requiring a 578% increase from current levels.

EGRAG’s second target reaches $22, representing an 895% gain from present trading levels. The ultimate projection extends to $40, which would require a 1,709% price increase to achieve.

However, the analyst cautions against attempting to time the market top precisely. EGRAG recommends implementing a graduated profit-taking strategy beginning around $6 to $7 and continuing through higher price levels.

“What if everyone, including me, is wrong?” EGRAG stated, emphasizing the importance of strategic selling during periods of market optimism. The approach aims to capture gains while avoiding the risks associated with perfect timing attempts.

The profit-taking methodology involves selling portions of holdings at various price levels rather than waiting for the ultimate target. This strategy helps manage risk while allowing participation in potential continued upward movement.