Egrag Crypto has challenged the effectiveness of traditional technical indicators, such as the 50-day moving average, for analyzing XRP. He argues that XRP should be considered an 'exponential asset,' suggesting that exponential and logarithmic tools are more suitable for capturing its long-term growth patterns. According to Egrag, the 50MA model is mathematically irrelevant for assets like XRP that exhibit exponential growth.
Egrag's analysis indicates that XRP has emerged from a multi-year consolidation phase and aligns with long-term price targets reaching up to $27. He emphasizes the use of exponential regression curves, logarithmic growth channels, and macro Elliott-wave structures for more accurate forecasting of XRP's trajectory.
Egrag Crypto Criticizes Traditional Indicators for XRP, Promotes Exponential Analysis
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
