Bullish Yearly Candle Formation Indicates XRP Could Surge to $22

A prominent crypto analyst, Egrag Crypto, has stirred excitement in the XRP community with his latest forecast. In a recent X post, he highlighted a potential breakout setup on XRP’s yearly chart that could propel the token toward the $13–$22 price range.

According to Egrag, "Candle 13" on the 12-month chart may be the key breakout candle — similar to how "Candle 9" in 2021 signaled major price movement. He estimates this candle could support a surge to around $17, positioning it squarely between the $13 and $22 targets. Additionally, he hinted at the possibility of an extended wick pushing XRP’s price even higher during this bullish momentum.

Egrag also emphasized the significance of "Candle 12," describing it as the most powerful Bullish Engulfing pattern yet, spanning from Candle 5 through Candle 11. Notably, the body of these yearly candles closed above all prior closes — a textbook signal of strength, particularly when observed on higher timeframes.

Zooming in on the current price structure, the analyst noted that Candle 13’s body currently sits above the $1.85 mark, with its wick reaching approximately $3.40. He warns that a close below $1.85 could invalidate the bullish outlook, whereas a decisive close above $3.40 would strongly suggest a path to double-digit territory.

Egrag concluded by hinting at a potentially historic moment for XRP holders on December 31st, marking it as a crucial checkpoint to assess the ongoing candle’s shape and the token’s future trajectory.

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