Analyst Steph predicts a significant price surge for Ripple's XRP, suggesting its current price positioning is on the verge of a major rally. According to Steph, indicators like global liquidity, historical price trends, and the Weighted Global Liquidity Index are pointing toward a prospective increase.
Steph emphasizes the historical relationship between global liquidity and XRP price increases, noting that central bank policies might further amplify liquidity in the market, driving XRP's value higher. The analyst argues that fiat currency weakening could benefit assets like XRP.
The analysis is also based on the Weighted Global Liquidity Index (WGLI), which correlates global liquidity with potential price peaks in crypto assets. Despite a recent divergence between XRP's price and the index, Steph interprets this as a promising setup for future growth.
Technical indicators such as Bollinger Bands and the descending channel further corroborate this bullish perspective. Since 2021, XRP has been part of a descending channel, indicating resilience through volatile periods, and compressed Bollinger Bands have previously presaged price rallies, as seen in 2017.
Conclusively, Steph expects the strategic intersection of these factors to potentially elevate XRP's price to $14, a striking increase of 2,670% from its current value.
