Analyst Sees Bullish Sign on XRP Chart: Predicts Up to $21.60 Target

In a detailed breakdown shared with followers, EGRAG noted that he adjusted the flag formation to better align with the current price structure and achieve a more accurate projection of the potential breakout. His analysis considers three distinct approaches: a logarithmic scale, a non-logarithmic (linear) scale, and the average of both.

Why Logarithmic Charts Matter in Crypto

EGRAG emphasized the importance of using logarithmic charts when analyzing long-term breakout patterns in cryptocurrency markets. Due to crypto’s tendency to experience exponential growth, he argued that log charts are better suited for capturing realistic price action in high-volatility environments.

Using the logarithmic method, EGRAG projected a target of $18. The non-logarithmic (linear) approach yielded a more conservative estimate of $5.50, while the average of both methods produced a mid-range target of $11.75—which he described as his preferred baseline due to liquidity considerations unique to crypto markets.

Adjusted Targets with Variability

Acknowledging the relatively low liquidity in crypto compared to traditional markets, EGRAG applied a 15–20% variability range to each price target. With that margin accounted for, potential upside targets expand to the following:

Logarithmic projection ($18): Up to $20.70–$21.60 Average projection ($11.75): Up to $13.51–$14.10 Linear projection ($5.50): Up to $6.33–$6.60

A Bullish Case with Measured Expectations

While EGRAG’s outlook remains bullish, he urged followers to stay grounded, reminding them that crypto markets can deviate both ways due to their still-maturing nature. His methodical approach—balancing optimism with realism—offers a structured framework for traders navigating uncertain macro and liquidity environments.

With volatility picking up and technical formations tightening, EGRAG’s projections could prove timely as traders watch for signs of a confirmed breakout.

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