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.

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.

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