A well-known cryptocurrency analyst has identified a large "macro W" pattern on XRP's monthly chart, suggesting a potential long-term bullish structure. The second phase of this pattern is currently retesting near the 1.60 to 1.80 dollar region, with a bullish hammer candle indicating buyer support. A key near-term trigger point is price sustaining a break above 2.00 dollars, which could pave the way for higher targets. The analyst believes the probability of a full price rally to 22 dollars is 25% to 35%, while the probability of a rally to 3 to 8 dollars is 50% to 60%. XRP is currently trading at 1.40 dollars.