- XRP can rise to $ 6.56 because the global liquidity trends adapt, says Analyst Egrag Crypto.
- The record number of 6.25 million XRP wallets is now available as proof of a strong acceptance of Ripples XRP despite the current course situation.
Global liquidity could soon trigger a large XRP rally, says crypto analyst Egrag Crypto. It links the XRP course development with macroeconomic liquidity flows. The Onchain metrics show strong network growth, even during the recent price declines. In the meantime, the sec./.ripple procedure case is de facto to end, and the upcoming formal degree will continue to inspire XRP.
Analyst sees upward trend of XRP in harmony with M2 liquidity
The cryptoanalyst Egrag Crypto has just published a technical analysis that says that XRP will follow global liquidity in the next few months. The analysis is based on a chart that compares XRP/USDT (blue line) with the global M2 money quantity (green line), which is offset by 110 days. This delayed correlation means that XRP could soon go up, since M2 already reached its maximum at the beginning of April.
#XRP – The Global liquidity Indicator was tell us that the next 110 days is #bullish. Choppy in the mean time but it will be #Bullish for a #Blowowps and then the music will stop.
The next Run make sure to take profits. Learn ur lesson. pic.twitter.com/P3Qsb3kGck
— EGRAG CRYPTO (@egragcrypto) April 9, 2025
Egrag Crypto refers to the 1.618 Fibonacci extension at $ 6.569. At the time of his prediction, XRP was $ 1.76. This means a large increase when the pattern lasts. He said that the current reacts to the liquidity expansion and that XRP remains behind the global monetary growth.
According to Egrag Crypto, the course could get more momentum over the next 110 days and climax at the end of July or early August. However, he warned against short -term volatility. He said the current was restless and advised the owners to prepare for a blow-off top-a large price tip, followed by a large change. He advised to take profits with him during the rally.
XRP growth despite the drop in the price
Despite the latest price decline from $ 2.10 to $ 1.60, the XRP network continues to grow. On-chain data from Glassnode show that the number of wallets that hold at least 1 XRP reached an all-time high of 6,255,795 on April 7, 2025. Market analyst Ali Martinez says this is a sign of strength during volatility.
Despite the recent volatility, the $XRP network is growing stronger! Now reaching an all-time high of 6.26 million addresses holding 1 #XRP or more. pic.twitter.com/Vavv9FkmuP
— Ali (@ali_charts) April 9, 2025
As CNF reported, the number of XRP wallets has been growing since 2024. At the beginning of the year 24 there were 5.839 million active wallets. This number has now grown to 6.366 million, with over 527,000 new addresses being set up in 2025 alone. Compared to January 2024, when the number was 4.9 million, the network has added 1.46 million wallets.
Data from the XRP Rich List show that 81 % of all active wallets are small holder. 2,639 million addresses have 0-20, XRP, and 2.518 million have 20-500 XRP. This is a broad interest, even among small investors, since speculation about future benefits and institutional acceptance increase.
Technical data indicate a strong price movement
XRP is $ 2.10 under the 20-dayema. But it has to be broken so that the course continues to rise. The Bollinger ligaments narrow, with the upper band at $ 2.50 and the lower one at $ 1.77, which indicates compression before a possible outbreak.
The RSI is 44.61 and the average is 39.76; A neutral momentum, but slightly rising. An increase in the RSI over 50 could confirm the upward trend. If XRP breaks through the $ 2.10 mark, it could test the upper band at $ 2.50. If the breakthrough does not work, it could fall back to $ 1.7.
It is the result of the new Attitude of the SEC compared to cryptocurrencies, which was initiated by the changed political dynamics and corresponding administrative decisions. A positive result for Ripple could eliminate a large overhang at XRP, consolidate the trust of the investors and increase the course again.
No Comments