As the crypto market gears up for a new phase in the ongoing season, influential analyst Steph has asserted that XRP will not be left out this time.
Although the ongoing bull season has lasted for a year, XRP remains within the same range it occupied before the market-wide surge began. In this context, Steph has disclosed his bold price projection for XRP in the next market phase and a timeline for when this might occur.
XRP Bull Run Based on Global Liquidity
Citing historical trends, Steph suggests that XRP may be primed for a substantial price surge within the last eight weeks of 2024 and into 2025. According to him, rising global liquidity would drive the potential rally for XRP.
In a post on X, Steph shared a chart indicating that significant price movements in XRP have historically correlated with increases in global liquidity. The chart highlighted two key periods: the 2017/2018 cycle and the 2020/2021 cycle, during which supposed boosts in global liquidity led to explosive gains in XRP’s value.
Notably, the speculated increases in global liquidity during the 2017/2018 cycle propelled XRP to an all-time high. Another significant run occurred later when XRP neared $2 in 2021.
According to the analyst, the end of 2024 and the beginning of 2025 could represent a similar setup, with increased liquidity catalyzing a new rally in XRP. “2024-2025 could be the start of something massive,” he said.
This idea hinges on the notion that rising global liquidity fuels investment across markets, and XRP, as a top-ranking utility coin, may particularly benefit from this influx.
Steph’s projection of an XRP bull run in 2025 aligns with the perspective of some market watchers, who speculate that XRP’s surge may correlate with the end of the current bull season, which is expected to conclude in 2025.
Projected XRP Price
According to his chart, Steph anticipates that XRP could surge above $6 with the projected rise in global liquidity. XRP is currently valued at $0.5058, which implies a potential increase of over 1,086%.
However, Steph’s optimistic outlook on XRP has faced skepticism from some market participants. Critics have dismissed his projections, arguing that XRP would struggle to surpass $0.55, noting that previous forecasts of an uptrend for XRP have not materialized.
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