#xrp is breaking out of a descending wedge pattern that has persisted since the beginning of the year.

Currently trading at $2.28, the altcoin is heading towards a resistance level of $2.40.

A successful breakout indicates the potential for continued bullish momentum, boosting optimism among investors.

Despite the recent rise, XRP is still over 48% away from its all-time high (ATH) of $3.40.

Continuous upward movement or trend could push XRP towards its ATH, especially if the current breakout is confirmed.

Successfully converting $2.56 into support will indicate that further gains are likely.