2024

bullish

As the <a href="https://coinpedia.org/news/crypto-price-today-nov-4th-2024-bitcoin-price-to-hit-ath-after-u-s-elections/" target="_blank" rel="noreferrer noopener">crypto market</a> enters a new phase, influential crypto analyst Steph is making waves with his bold <a href="https://x.com/Steph_iscrypto/status/1852999343202046457">prediction </a>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.&nbsp;   
Here's what you can expect in the months ahead.   
<h2 class="wp-block-heading" id="h-global-liquidity-as-a-catalyst">Global Liquidity as a Catalyst</h2>   
Steph’s analysis draws on historical trends that link <a href="https://coinpedia.org/news/crypto-liquidations-hit-271m-is-a-short-squeeze-on-the-horizon/" target="_blank" rel="noreferrer noopener">global liquidity</a> 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 liquidity led to explosive gains for XRP, pushing it to an all-time high in 2018 and a strong rally in 2021 when XRP nearly reached $2. Steph suggests that similar conditions could be forming now, setting the stage for another substantial price increase <a href="https://coinpedia.org/news/can-xrp-surpass-bitcoin-soon-former-ripple-executive-says-yes/" target="_blank" rel="noreferrer noopener">over the next year.</a>   
<h2 class="wp-block-heading" id="h-ripple-xrp-price-prediction">Ripple (XRP) Price Prediction </h2>   
Steph’s chart points to a bullish target, with XRP possibly soaring past $6 in the upcoming market phase—a substantial leap from its current price of around $0.51, indicating a potential increase of over 1,000%. This ambitious forecast hinges on the idea that XRP, as a utility token, stands to benefit from a global liquidity surge, drawing in new investment.   
While Steph sees a bright outlook, XRP has faced notable declines recently, dropping 1.42% over the past week, 5.08% over the past month, and 17.51% over the last year. However, analyst Amonyx shares a similarly optimistic view, predicting a bullish turn for XRP. He highlights a potential breakout from a symmetrical triangle pattern, which he believes could lead to major price growth.   
According to Amonyx, if market conditions mirror past cycles, XRP could even hit a high of $225.9 over time.   [post_titles_links postid="375639"]   
<h2 class="wp-block-heading" id="h-current-market-scenario">Current Market Scenario</h2>   
Currently, XRP is underperforming, resembling patterns seen in 2017. Trading at $0.5039 (down 0.04% today), XRP has been consolidating within a symmetrical triangle pattern since early October. The key resistance level around $0.55 remains a major hurdle, and a breakout above this level could trigger additional gains, with the next target set at $0.5929.   
All Eyes on the Market...   
With the potential for substantial gains, XRP investors are watching closely for any signs of a breakout. As global liquidity rises, XRP’s chances of a significant rally may strengthen.   
Is a 1000% surge for XRP realistic? Or is this too optimistic? Share your take.

XRP Price Prediction: 1000% Surge in 2025 Amid Global Liquidity Boom, Says Analyst

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