XRP’s Bullish Candle Pattern Hints at a Staggering $22 Surge—Brace for Impact

Forget subtle hints—XRP’s chart just flashed a neon sign. A textbook bullish candle formation suggests the embattled token could rocket to $22, a move that’d make even Bitcoin maximalists raise an eyebrow.

Technical traders are circling like sharks—when these patterns emerge after consolidation, they often precede violent upside. The last time XRP showed this setup? It ripped 300% in three weeks. Cue the ’this time it’s different’ chorus from bagholders.

Of course, Wall Street’s algo-traders will claim they saw it coming—right after they finish reverse-engineering the chart. Meanwhile, retail investors are already mortgaging their mother-in-law’s condo to ape in.

One hedge fund analyst (who requested anonymity while shorting XRP futures) quipped: ’Candles don’t pay bills—but hey, neither do most crypto projects.’ Touché.

XRP Price Eyes Rally To $22 As Bullish Candle Forms 

In an X post, Egrag Crypto predicted that candle 13 on the yearly chart could be the breakout candle that sends the XRP price to $13 or $22. He also raised the possibility of the altcoin surging above these price levels, with a wick extending even higher. Based on his analysis of Candle 9, the 2021 yearly candle, the analyst noted that Candle 13 points to a target of around $17. 

Egrag crypto remarked that this aligns perfectly between $13 and $22 for the XRP price. He also commented on Candle 12, noting that it was the strongest Bullish Engulfing pattern. This engulfing process started from Candle 5 and continued through Candle 11. The analyst added that the body of these candles closed above all previous candles, which is a “classic bullish sign.” It is even more bullish when it occurs on a yearly or 12-month chart, as in this case. 

Commenting on the current XRP price action, Egrag Crypto stated that the noise is still loud on the high timeframes. He noted that the body of Candle 13 is above $1.85, and the wick extends up to around $3.40. The analyst claimed that a close below $1.85 could mark the end of the bull run, while a close above $3.40 confirms that XRP is heading to double digits. 

Interestingly, the crypto analyst declared that December 31 this year will be a date to remember in XRP history. He remarked that market participants will see where the XRP price stands and what kind of candle formations are shaping up for the legendary year. 

XRP At A Critical Level

In an X post, Crypto analyst CasiTrades noted that the XRP price has returned to the $2.25 range, which is one of the most important levels on the chart. She stated that this zone has acted as both resistance and support since the $0.50 breakout, and now a proper backtest is underway. 

The analyst revealed that the smaller timeframes show that this level could hold. However, she warned that higher-timeframe confirmation is key and that the XRP price needs daily closes above $2.25 to confirm a bullish pivot. CasiTrades added that whether or not this is the final pivot, this level remains a high-probability zone for buyers. She noted that the next major support is at $1.90 if this $2.25 support fails. 

At the time of writing, the XRP price is trading at around $2.21, down almost 3% in the last 24 hours, according to data from CoinMarketCap.