{"id":1159,"date":"2024-11-04T19:13:08","date_gmt":"2024-11-04T19:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/why-one-analyst-says-nows-the-time-to-buy-xrp-before-it-hits-14\/"},"modified":"2024-11-04T19:13:08","modified_gmt":"2024-11-04T19:13:08","slug":"why-one-analyst-says-nows-the-time-to-buy-xrp-before-it-hits-14","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/why-one-analyst-says-nows-the-time-to-buy-xrp-before-it-hits-14\/","title":{"rendered":"Why One Analyst Says Now\u2019s The Time To Buy XRP\u2014Before It Hits $14"},"content":{"rendered":"

A few analysts say Ripple\u2019s XRP is preparing for an explosive price action. Steph, an analyst under the \u201cStephIsCrypto\u201d username, offers a bold, positive outlook<\/a> for XRP, saying that a significant price rally is in the pipeline thanks to increased global liquidity.<\/p>\n

In a published analysis, Steph highlighted the token\u2019s historical relationship with increased liquidity and structural patterns like the descending channel and the Bollinger Bands. According to Steph, these are the primary factors that set up XRP<\/a> for a price ascent soon.<\/p>\n

At the time of writing, XRP was trading at $0.5052, up 0.5% in the last 24 hours, but sustained a nearly 2% rally in the last week, data from Coingecko shows.<\/p>\n

\"\"<\/p>\n

XRP And Its Relationship With Global Liquidity<\/strong><\/h2>\n

Higher global liquidity often favors Ripple\u2019s XRP, fueling price rallies. In Steph\u2019s analysis, a token\u2019s liquidity, or the available cash flow across the market, traditionally helps XRP sustain price action in past cycles.<\/p>\n

\n

BUY #XRP<\/a> BEFORE IT HITS $14.00 !!! pic.twitter.com\/e8wY3UVq11<\/a><\/p>\n

\u2014 STEPH IS CRYPTO (@Steph_iscrypto) November 3, 2024<\/a><\/p>\n<\/blockquote>\n

Steph is now looking at the same trajectory, where global liquidity is increasing thanks to favorable policies from central banks. He cites the possible move of the Federal Reserve, which can introduce additional money into circulation, thus weakening the fiat currencies but creating more capital. Steph sees the token as a great investment when the liquidity surge happens.<\/p>\n

\"\"<\/p>\n

As Weighted Global Liquidity Index Moves Up, Riskier Assets Increase<\/strong><\/h2>\n

Steph\u2019s thesis on XRP<\/a> is also based on the Weighted Global Liquidity Index (WGLI) movement. The WGLI tracks the world\u2019s money supply by looking at central banks’ balance sheets and other important financial statements.<\/p>\n

\"\"<\/p>\n

The analyst argues that the index reflects possible price movements of risky assets, like XRP. If the index trends upward, crypto assets tend to increase as well. According to the analyst, every XRP price surge happened immediately after an increase in the index.<\/p>\n

<\/p>\n

Currently, there\u2019s a divergence between XRP\u2019s price and the index. Although there\u2019s an increase in global liquidity, XRP\u2019s price appears stable. But for Steph, this setup acts as his bullish signal.<\/p>\n

Bollinger Bands Squeeze And Descending Channel Favor SRP<\/strong><\/p>\n

According to Steph, even the Bollinger Bands<\/a> and Descending Channel set up the altcoin for a favorable run. Since 2021, XRP has been trading in a descending channel, with multiple resistance price points and declining volumes.<\/p>\n

He pointed out that the asset\u2019s Bollinger Bands are compressed. If the bands tighten in crypto, it suggests a probable price action. For example, XRP\u2019s Bollinger Bands compressed in 2017, which was followed by the asset\u2019s price rally.<\/p>\n

If the analysis and data trends hold true, the analyst expects XRP to trade at $14, translating to an increase of 2,670%.<\/p>\n

Featured image from Techopedia, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A few analysts say Ripple\u2019s XRP is preparing for an explosive price action. Steph, an analyst under the \u201cStephIsCrypto\u201d username, offers a bold, positive outlook for XRP, saying that a significant price rally is in the pipeline thanks to increased global liquidity. In a published analysis, Steph highlighted the token\u2019s historical relationship with increased liquidity…<\/p>\n","protected":false},"author":1,"featured_media":1160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[34,36,33,323,44,40],"class_list":["post-1159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-altcoins","tag-crypto","tag-cryptocurrency-market-news","tag-price-analysis","tag-ripple","tag-xrp"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/1159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=1159"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/1159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/1160"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=1159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=1159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=1159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}