The cryptocurrency market surged in the past 24 hours, with most cryptocurrencies trading in the green, including Ripple’s XRP. A prominent analyst has shared a bullish price prediction, though other metrics are also worth noting.
Ripple (XRP) Price Can Go Crazy
According to DustyBC, a well-known analyst with over 150,000 followers on X and other channels, the XRP price could go “crazy.” His chart, although simple, shows XRP trading towards the upper boundary of a flag pattern. If this pattern breaks to the upside, it could propel the price toward $2, marking an increase of over 3X from the current level.
As it was reported yesterday, XRP’s gains topped 9% on a weekly basis, and the bias is leaning toward bullish. If the cryptocurrency breaks the pattern to the upside, this could result in increased volume and subsequent gains.
What About Other XRP Metrics?
A notable decline in some on-chain metrics can be noticed. For example, the number of payments from one account to another has declined by 26% over the past week.
