CandleFocus Analyst Says Buy XRP Before $14, Citing Global Liquidity Rise and Bollinger Bands Squeeze
2024-11-04
Author: Content Editor
Crypto analyst Steph, also known as StephIsCrypto, believes that XRP could experience a significant price surge due to an increase in global liquidity. Steph points out that in the past, XRP's price rallies have been closely tied to global liquidity levels. He highlights the upward trajectory of global liquidity, driven by potential policy shifts from central banks, as a favorable condition for XRP's price breakout. Steph also mentions the Weighted Global Liquidity Index (WGLI) as an indicator of potential price movements for risk-on assets like XRP. He notes a current divergence between WGLI and XRP's price action, viewing it as a bullish signal. Steph also analyzes XRP's structural patterns, such as a descending channel and a Bollinger Bands squeeze, which he believes are setting up the perfect conditions for XRP's breakout. He expects XRP to rally to $14, representing a 2,678% increase from the current price. Overall, Steph sees XRP as an ideal investment in light of the upcoming liquidity surge and various technical indicators.
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