Here’s XRP Price Implication if W Formation Pushes XRP Market Cap to $1.5T

Market technician EGRAG Crypto has identified a W pattern formation on the monthly XRP market cap chart, suggesting an imminent run beyond $1 trillion.

EGRAG disclosed this in a recent commentary, where he focused primarily on the XRP market cap chart. His analysis comes as XRP price continues to linger around the $2 mark, leaving its market largely between $120 billion and $145 billion since last month.

XRP Market Cap Forms W Pattern

According to EGRAG, the market cap, a direct product of XRP price action, is now in a bullish position. His monthly chart confirmed that the XRP market cap has now formed a W pattern, which also resembles a classic cup and handle structure. This indicates that a breakout to the upside is imminent.

For context, the formation of the pattern began as far back as 2018. Notably, XRP market cap dropped from a peak of $128.5 billion in January 2018 to hit a low of $5 billion in March 2020 before recovering to another high of $89 billion by April 2021. This formed the first part of the W pattern.

Interestingly, after the $89 billion top in April 2021, the XRP market cap collapsed again to another low of $13.88 billion by June 2022 following the Terra collapse that year. Now, the market cap recently rebounded to claim a new all-time high of $195 billion in January 2025. This second wave of movements completed the W formation.

Now, after breaking above the trendline of the W structure, the XRP market cap is retesting this breakout amid the ongoing price consolidation. As earlier mentioned, the market cap has fluctuated between $120 billion and $145 billion in recent times, awaiting a push to greater heights.

W Formation Could Push XRP Market Cap to $270B and $1.5T

Despite this consolidation, EGRAG confirmed that the XRP market cap has held above the previous all-time high of $130 billion from December 2024, which represents Fib. 1. He explained that this position above Fib. 1 indicates that XRP still shows signs of bullish accumulation.

He then presented several upside targets leveraging multiple approaches. Specifically, the first approach considers a measured move from the W formation. In this approach, the non-logarithmic move translates to a target of $270 billion, aligning with Fib. 1.618. This marks a new ATH, corresponding to an XRP price of $4.5.

Meanwhile, still within the first approach, the logarithmic move translates to a market cap target of $1.5 trillion, representing the largest upside target. With XRP’s current circulating supply, the $1.5 trillion market cap would lead to a price of $25. Notably, XRP would need to rise 991% from the current price of $2.29 to reach $25.

Additional Upside Targets 

However, the second approach considers XRP’s historical patterns from 2017. EGRAG confirmed that in 2017, XRP had to rally 242% from Fib. 1 to reach Fib. 1.618. Currently, XRP is already above Fib. 1, as it eyes the 1.618 extension. If it rallies another 242% to reach Fib. 1.618, this would push its market cap to $450 billion, leading to a price of $7.6.

For the third approach, he suggested that Fib. 1.618, the upside target, could translate to a market cap of $978 billion when considering the 2018 peak and the 2020 low. If this target materializes, it will push the XRP price to $17, considering the circulating supply.

Lastly, EGRAG leveraged a bullish pennant from the XRP/USD and XRP/BTC pairs to present the fourth approach. This pennant aligns with the XRP market cap, with an upside target of $1.2 trillion. Interestingly, this $1.2 trillion translates to an XRP price of $20.