A few analysts state that the price of Ripple’s XRP is going to shoot up. For Analyst Steph under the , there is optimism on XRP and she forecasts there is going to be a substantial increase in the price of the asset due to improved global liquidity.

In a published analysis, Steph emphasized the historical correlation of the token price to volume and the existence of structural patterns such as the descending channel and Bollinger Bands. Yes, according to Steph, these are the dominant factors that cause the gradual builds up of XRP price in the near future.

As of this writing, XRP was trading at $0.5052 and even increased by 0.5% in the last 24 hours but has however maintained a 2% short term rally in the last 7 days according to coingecko statistics.

XRP price increasing due to high liquidity can seem now as a factor that is more in favor of Ripple. In Steph’s analysis, with respect to the liquidity of the token, with liquidity or available cash flow across the various markets, XRP tended to stay sideways in price action in the past cycles.

Steph now focuses his attention on the same trajectory which sees a gradual increase, global liquidity, and this is possible because of the continued good policy of central banks. For him, this involves the Fed moving our thinking making additional money take effect and depreciating the fiat currencies creating more capital. The token will be a great investment for Steph when that liquidity surge begins.

As Weighted Global Liquidity Index Moves Up, Riskier Assets Increase

There is also Steph’s thesis where we have XRP based upon the movement of the Weighted Global Liquidity Index (WGLI). The world GDP depicts the WGLI, as do the WGLI’s frameworks comprising of the templates of central banks and other core financial statements.

The analyst’s stand is that it illustrates the likelihood of price changes in risk assets like XRP. If the index is in the upward trend, so do most crypto assets. In the view of the analyst, it was always the case that the surge in the price of every XRP was occasioned by the spike in the index.

Presently, there appears to be an inconsistency between the two variables, the price of XRP and the index of the latter. Meanwhile, even while global liquidity goes up, the price of XRP appears stable. But for Steph, the price movements in the market this time are what he sees as his bullish sign.

Bollinger Bands Squeeze And Descending Channel Are Bullish For SRP

As per Steph, both the Bollinger Bands and the Descending Channel put the altcoin in an advantageous position. XRP has been in a descending channel for the last three years since 2021 and witnessed several price resistance areas and a downward trend in volumes.

XRP’s Bollinger Bands have a presence where assets remained ‘compressed’ as per Steph. However, in the scenario of the volume bands compression in crypto, it indicates possible price movement. For instance, in 2017, XRP’s Bollinger Bands were collapsed which precipitated a surge in the price of the asset.

If the projection trends correctly, XRP’s expected price stands around $14 which is a 2670% price growth.

#OctoberCryptoFundingSurge #NovCryptoOutlook #GrayscaleXRPTrust $XRP