Vital Ripple Metric Sees 67% Surge: Is XRP Preparing for a Major Rally?
TL;DRThe metric in question is the number of active XRP addresses. Recall that it had declined significantly just a few days ago, dropping by nearly 50% within a month or so. This is a warning sign for the asset’s price as it demonstrates that users are less and less inclined to actively use the ecosystem.However, Ali Martinez outlined a massive resurgence of the number of active addresses, which skyrocketed by 67.5% on a daily scale on Sunday. This was somewhat unexpected given the relatively calm price moves during the weekend and the low trading volumes.$XRP network activity jumped 67.50%, with active addresses rising from 27,352 to 40,366! pic.twitter.com/fDiERMIYiz— Ali (@ali_charts) April 21, 2025While the growing usage of the XRP network by more active addresses can be considered a bullish sign, so can the inverse head and shoulders pattern XRP “appears to be forming,” Martinez added. The analyst with over 135,000 followers on X believes this technical indicator can send the token flying to $2.7.Such a potential surge would represent a 30% increase from the current levels, given that XRP has retracted slightly to under $2.1 now.$XRP appears to be forming an inverse head and shoulders pattern, signaling a potential bullish breakout toward $2.70. pic.twitter.com/Wm5FW7BPgW— Ali (@ali_charts) April 21, 2025Additionally, the squeezing Bollinger Bands indicated that XRP’s consolidation is coming to an end, which couldtriggera big move in either direction.