Now that the crypto market is entering a new phase, influential crypto analyst Steph is making waves with his daring prediction for XRP. Despite an ongoing bull season, XRP has remained relatively stable, prompting Steph to predict a significant price rally in the final weeks of 2024 and into 2025, driven by increased global liquidity.
Global liquidity as a catalyst
Steph’s analysis is based on historical trends that link global liquidity levels to key XRP price movements. According to him, previous increases in the value of XRP have often aligned with periods of increased liquidity. His post on
During these cycles, rising global liquidity coincided with explosive gains for XRP, including an all-time high in 2018 and a subsequent rally in 2021 when XRP reached nearly $2. Steph suggests that similar conditions could take shape, allowing the assets to see a substantial rally in the coming year.
Ripple (XRP) price prediction
Steph’s chart predicts that XRP could rise above $6 in this next market phase, a staggering increase from its current price of around $0.51, implying a potential upside of over 1,000%. This bullish target is based on the theory that XRP, as a utility coin, will primarily benefit from increased investment as liquidity increases globally.
On the other hand, across multiple time frames, XRP has seen declines of 1.42% per week, 5.08% per month, and 17.51% per year. However, analyst Amonyx predicts a bullish turn for XRP, citing a possible breakout from a symmetrical triangle pattern that could lead to significant price growth. Based on historical cycles, he speculates that XRP could reach as high as $225.9.
Current market scenario
Currently, XRP is underperforming, reflecting 2017 trends. 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 break above this level could open the door to further gains, with the next target at $0.5929.
With the potential for significant profits ahead, XRP investors have every reason to remain vigilant. Will the outbreak be this time?
Credit : coinpedia.org
