Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
XRP to $222? Analyst Presents Log and Non-Log Price Targets

XRP to $222? Analyst Presents Log and Non-Log Price Targets

TimesTabloidTimesTabloid2026/08/08 14:03
By:TimesTabloid

XRP’s long-term chart presents two very different possibilities, with one projecting a move toward $6.50 and another extending as high as $222.

Crypto analyst Egrag Crypto has compared logarithmic and non-logarithmic chart structures to explain why both figures appear on his analysis, while emphasizing that XRP must first overcome several important levels before either target becomes relevant.

Logarithmic and Non-Logarithmic Targets

Egrag explained in an X post that linear charts can work effectively for short-term analysis. However, he believes logarithmic scaling provides a more useful perspective for an asset such as XRP that has experienced major percentage changes over multiple market cycles.

His chart compares a non-logarithmic measured move of approximately $6.50 with a logarithmic projection reaching approximately $222. Egrag stressed that he does not treat the two targets equally. Instead, he considers $6.50 the more realistic measured-move objective, while describing $222 as an extreme scenario based on logarithmic expansion.

The distinction comes from how the two chart types measure price movement. A non-logarithmic chart focuses on absolute dollar changes, while a logarithmic chart emphasizes percentage changes across different price levels.

Why $1.60 Matters Most

Despite the much higher targets displayed on his chart, Egrag identified $1.60 as the most important level in his current roadmap.

He said a sustained close above $1.60 would indicate that XRP is reclaiming its long-term exponential moving average structure and could signal a shift in the broader trend. His chart includes the 150 EMA and 200 EMA, which he said continue to help define the potential bottoming process.

Egrag placed $0.85 below that level as a potential macro support zone. He also disclosed that he accumulated 80% of his XRP holdings between $1 and $1.20, according to his post.

Above $1.60, he identified $3.25 as a historical macro ceiling. A decisive break through that level would then bring his $6.50 measured-move target into focus.

$222 Remains an Extreme Scenario

Egrag’s proposed sequence is therefore centered on confirmation rather than immediately targeting the highest projection. He outlined the progression as a defense of $0.85, a reclaim of $1.60, a breakout above $3.25, and then an expansion toward $6.50.

He stated that the $222 logarithmic targets would deserve substantially more consideration only if XRP decisively clears the $3.25 to $6.50 region.

The analyst also pointed to an ascending long-term trendline that continues to support the broader structure shown on his chart. His analysis ultimately places greater importance on the confirmation of key technical levels than on the most ambitious price projection.

For Egrag, the current setup therefore centers on whether XRP can reclaim $1.60 and eventually overcome $3.25. The $6.50 target represents the first major measured objective, while $222 remains dependent on a much larger logarithmic expansion.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)

UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.

智通财经•2026/11/11 08:22
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)

SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips

SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.

智通财经•2026/11/11 08:20
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips

$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?

In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."

华尔街见闻•2026/11/11 08:19

Wall Street tech mogul Dan Ives: SpaceX (SPCX.US) shares have a 20%-25% "political discount"; merger with Tesla (TSLA.US) still possible

Dan Ives believes that SpaceX's stock currently has a "political discount" of 20% to 25%. At the same time, he still expects SpaceX to merge with Tesla, but this deal will face more obstacles.

智通财经•2026/11/11 07:41