XRP W Pattern Signals Potential Surge to $40

XRP is showing signs of forming a powerful W pattern that could pave the way for major gains, potentially propelling the asset to $40, according to a recent analysis by market expert EGRAG Crypto.

Currently, XRP is trading within the $2.2 price range, showcasing relative stability over the past several months. Since early this year, the digital asset has moved mostly within a tight $2 to $2.3 range. Though there have been brief drops below $2 and spikes above $2.3, this consolidation remains firmly intact.

According to EGRAG Crypto’s latest commentary, this stagnation is part of a much larger bullish setup known as a W pattern—a classic market structure that often signals a trend reversal from bearish to bullish on long-term charts.

The W structure for XRP traces back several years. The first peak occurred in January 2018 when XRP reached $3.8, followed by a steep correction that saw the token bottom out at $0.1050 in March 2020. This marked the first dip of the W pattern. Then came a strong recovery, with XRP climbing to $1.96 by April 2021. This price point formed the first leg of the W’s upward slope.

However, momentum reversed again as XRP dropped to a low of $0.2879 in June 2022. This decline followed the collapse of Terra and completed the second downward leg of the pattern. A renewed rally in November 2024 allowed XRP to finish the W structure, with its price pushing through major technical resistance.

After breaking out of this multi-year pattern, XRP confronted a key barrier at $3.4 in January 2025. Since then, the token has been consolidating, in what EGRAG interprets as a healthy retest of the breakout zone. Despite the narrow trading range, the token has defended its $2 support level and may now be poised for a new bullish leg.

In his projection, EGRAG outlines three price targets for XRP’s potential upward trajectory, beginning with a moderate goal of $15—an increase of approximately 578% from its current level. From there, he anticipates a climb to $22 (a rise of 895%). The most ambitious projection is $40, which would equate to a 1,709% surge.

Although the potential upside is remarkable, the analyst advises cautious optimism. He emphasizes the importance of securing gains gradually, recommending profit-taking to begin around the $6 to $7 levels. Rather than aiming for the absolute peak, market participants should consider managing risk by locking in profits during significant upward moves.

“What if everyone, including me, is wrong?” EGRAG cautioned in his analysis, stressing that trying to time the exact top of a market cycle can often backfire. Instead, he advocates for strategic selling during market euphoria and selective buying during downturns—a philosophy rooted in prudent investment practices.

Related: Expert Advice: Sell XRP If You’re Confused

This technical outlook on XRP reinforces a broader sentiment: while grand targets may be enticing, managing positions and expectations is equally critical. With consolidation around $2 showing signs of firm support and historical precedents backing the bullish W pattern, XRP may be entering a new growth phase. However, investors should maintain realistic profit strategies to navigate potential volatility ahead.