XRP Price Prediction: Can Increased Liquidity Drive XRP to New Heights?

Share This Post

XRP News

The post XRP Price Prediction: Can Increased Liquidity Drive XRP to New Heights? appeared first on Coinpedia Fintech News

As the crypto market enters a new phase, influential crypto analyst Steph is making waves with his bold prediction for XRP. Despite an ongoing bull season, XRP has remained relatively stagnant, prompting Steph to project a significant price rally within the last weeks of 2024 and into 2025, driven by increased global liquidity. 

Global Liquidity as a Catalyst

Steph’s analysis draws on historical trends that link global liquidity levels with XRP’s major price movements. According to him, past surges in XRP’s value have often aligned with periods of increased liquidity. His post on X (formerly Twitter) includes a chart that highlights two pivotal moments in XRP’s history: the 2017/2018 and 2020/2021 cycles.

During these cycles, rising global liquidity coincided with explosive gains for XRP, including its all-time high in 2018 and a subsequent rally in 2021 when XRP nearly reached $2. Steph suggests that similar conditions could be taking shape, setting up the asset for a substantial rally over the next year.

Ripple (XRP) Price Prediction

Steph’s chart predicts XRP could soar above $6 in this next market phase, a staggering rise from its current price of around $0.51—implying a potential increase of over 1,000%. This bullish target is based on the theory that XRP, as a utility coin, will particularly benefit from increased investment as liquidity rises globally.

On the flip side, XRP, down across multiple timeframes, has seen a drop of 1.42% weekly, 5.08% monthly, and 17.51% annually. However, analyst Amonyx predicts a bullish turn for XRP, citing a potential breakout from a symmetrical triangle pattern that could lead to significant price growth. Based on historical cycles, he speculates XRP could reach as high as $225.9.

Current Market Scenario

Currently, XRP is underperforming, reflecting trends seen in 2017. As of now, XRP is trading at $0.5039, down 0.04% for the day. The altcoin has been consolidating within a symmetrical triangle pattern since early October, highlighting the key resistance level around $0.55. A successful breakout above this level could open the door for further gains, with the next target set at $0.5929.

With the potential for significant gains on the horizon, XRP investors have every reason to stay vigilant. Will the breakout be this time?

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin ETFs Hit Record $3.1B Inflows in One Week as BTC Price Aims for $100K

The post Bitcoin ETFs Hit Record $31B Inflows in One Week as BTC Price Aims for $100K appeared first on Coinpedia Fintech News The recent weeks have seen a bullish trend in the crypto market, with

Solana Wallets Caught in a Phishing Signature Attacks

The post Solana Wallets Caught in a Phishing Signature Attacks appeared first on Coinpedia Fintech News The latest fraud incident in the Solana ecosystem is phishing in the form of apparently

Ethereum Price Surge Has Investors Buying New Trending ETH Token And XRP As Price Surpasses $1.5 Mark

The post Ethereum Price Surge Has Investors Buying New Trending ETH Token And XRP As Price Surpasses $15 Mark appeared first on Coinpedia Fintech News Ethereum’s price movements have been

Aptos Price Prediction 2024, 2025, 2030: Is APT A Good Investment For The Upcoming Bull Run?

The post Aptos Price Prediction 2024, 2025, 2030: Is APT A Good Investment For The Upcoming Bull Run appeared first on Coinpedia Fintech News Story Highlights The live price of the Aptos token is APT

Avalanche Price Prediction 2024, 2025 – 2030: Will the Upcoming Recovery Push AVAX Price to $100?

The post Avalanche Price Prediction 2024, 2025 – 2030: Will the Upcoming Recovery Push AVAX Price to $100 appeared first on Coinpedia Fintech News Story Highlights The live price of the AVAX

Helium Price Prediction 2024, 2025–2030: Will HNT Price Reclaim $10 Mark?

The post Helium Price Prediction 2024, 2025–2030: Will HNT Price Reclaim $10 Mark appeared first on Coinpedia Fintech News Story Highlights The live price of the Helium token is HNT price could