Super Bullish Ripple (XRP) Price Prediction, But Some Worrying Signs Are Emerging

The cryptocurrency market exploded in the last 24 hours. Almost all cryptocurrencies are trading in the green and Ripple’s XRP is no exception.

Now, a popular analyst has made a pretty bullish price prediction, but some other metrics are also worth looking at.

Ripple (XRP) price may go crazy

According to DustyBC, a well-known analyst with over 150,000 followers on X and other channels, the price of XRP could go “crazy.”

His chart, while fairly simple, shows XRP trading towards the upper limit of a flag pattern, which, if broken to the upside, could fuel a move towards $2. This would mark an increase of more than 3X from the current level.

Source: X

As CryptoPotato reported yesterday, XRP’s gains exceeded 9% weekly and the bias is leaning towards the bulls. Momentum could be better, but if the cryptocurrency actually breaks the pattern to the upside, this could lead to increased volume and subsequent gains.

What about other XRP metrics?

A noticeable drop in some chain metrics can be noticed.

For example, the number of payments from one account to another has decreased by 26% in the last week.

Source: XRPScan

The number of active accounts (unique senders) has also dropped by more than 50% in the last day.

The number of executed transactions on the XRPL is also down today and it will be interesting to monitor if this is due to lower activity over the weekend or if a more worrying trend is forming.

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