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 – W Pattern Number 10 & Targets!
Here’s a visual of the classic 'W’ pattern and the targets to watch:
Conservative: $15 Average: $22 Optimistic: $40
But please, I beg you, literally Begging you take your initial capi
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