XRP Breakout Towards $3.36

According to Sieloff, XRP's price decline over the past few weeks coincides with the classic technical pattern. A breakout above the resistance of $2.70 would confirm the bullish breakout, which is a sign that XRP price can continue to rise to levels of $3.36.

Sieloff is not the only analyst who is bullish on the popular altcoin's price action. XRP enthusiast and trader EGRAG Crypto even speculates that the coin's price could rise to levels of possibly $38, which would mark an exorbitant increase of a whopping 1,300% and take the market cap to over $2 trillion.