XRP is currently experiencing trading activity at the level of $2.66, facing a resistance barrier at $2.70 following its recent growth trajectory. Market indicators, including technical analysis, predict a potential breakout target of $3.35, suggesting a possible upward movement of 21% from current levels.
The formation of a "cup-and-handle" pattern in XRP's price action is a significant factor in this analysis. Additionally, an increase in trading volume and open interest in XRP futures contracts underscores growing investor interest and confidence in this potential breakout move.