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XRP XRP looks forward to a new high: US$6.50 is within reach, US$222 is high
Well-known digital currency observer Egrag Crypto recently released analysis, making XRP the focus of heated debate again. The analyst delved into the long-term price potential of the digital asset and came up with two very different prediction paths.
Price Chart: Two Perspectives?
analyzed and compared the calculation methods of linear charts and logarithmic charts. The two methods chart different trajectories for the future of XRP. Linear charts are often used for short-term forecasts, while logarithmic scales are seen to provide more macro insights, especially for digital assets such as XRP, where price fluctuations are volatile.
Based on this perspective, Egrag calculated a linear target price of US$6.50, while logarithmic forecasts gave speculative targets of up to US$222. However, analysts stressed the two forecasts had very different meanings: $6.50 is the more feasible short-term target, while $222 is described as an extreme scenario after a major macro shift.
Can XRP break key milestones?
The most immediate technical resistance currently lies at $1.60. If this barrier can be exceeded, it will mark the recovery of XRP's key moving average and may signal a reversal in the trend. Egrag pointed out that the 150-day exponential moving average (EMA) and the 200-day EMA are crucial, while US$0.85 constitutes solid macro support. In addition, after $1.60,$3.25 will be a strong resistance.
·US$0.85: Macro support
·US$1.60: Key resistance and trend confirmation point
·US$3.25: Historical resistance
·US$6.50: Ranging target
·US$222: Symbolic extreme prospects
Is US$222 a distant mirage?
To achieve the $6.50 target,$1.60 and $3.25 must be overcome first. These prerequisites lay the foundation for more ambitious goals, such as $222. Egrag's strategy emphasizes identifying key price points first rather than rushing to pursue excessive goals.
Identifying and consolidating key support and resistance areas remains the core of Egrag Crypto's judgment on the trend of XRP. According to his view, the long-term uptrend line continues to support the overall technical form of XRP. The current priority is to recover $1.60 and break through $3.25 before explosive price levels are considered. US$6.50 is a main goal, but to rise to US$222, multiple driving forces will need to be coordinated.
