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?
