Analyst Urges XRP Holders to Get Ready for Global Liquidity Surge
The post Analyst Urges XRP Holders to Get Ready for Global Liquidity Surge appeared on BitcoinEthereumNews.com.
EGRAG Crypto suggests that XRP typically lags behind liquidity expansions by 110 days, hinting at a potential rally in the coming months. Using technical indicators, EGRAG points to the 1.618 Fibonacci extension level at $6.569 as a possible target, representing a significant increase from XRP’s current price of $1.76. Prominent crypto strategist EGRAG CRYPTO has warned XRP investors that there is a big bullish move on the cards for the token. His recent analysis on X links XRP price potential to a macroeconomic trend wherein global liquidity shifts as tracked by the M2 money supply. XRP Price Boom Amid Shifting Global Trends EGRAG highlighted a historical relationship between liquidity expansion and XRP price activity. Further, he used a model that offsets the M2 money supply curve by 110 days to match XRP’s lagged response. In his analysis, he plots two main lines on the XRP/USDT chart: XRP price in blue and the M2 money supply in green. Meanwhile, the overlay shows that XRP often lags behind such liquidity movements by a time delay, which could mean the current liquidity uptick has yet to create a strong rally. “XRP – The Global liquidity Indicator was telling us that the next 110 days is bullish,” he wrote. He added, “Choppy in the meantime, but it will be #Bullish for a BlowoffTop, and then the music will stop.” Source: EGRAG Crypto EGRAG noted that while short-term price behavior may be volatile, there is a nice separation to the upside. He wrote that global liquidity is on the horizon, which in turn means a positive macroeconomic expansion leads to positive digital asset momentum. His breakdown also spotlights one of the key technical indicators, the 1.618 Fibonacci extension level at around $6.569. The chart is clearly showing this target, which is very prominent and could…
Filed under: News - @ April 12, 2025 1:19 am