XRP, the cryptocurrency, is potentially on the verge of a significant breakout with a target price of $4.60, according to veteran trader Captain Faibik.
XRP has formed a bullish triangle pattern, and a breakout above $2.23 could propel its price towards $4.60, as per Faibik.
Positive developments, such as XRP ETF approval odds of 95%, have contributed to optimism among investors, potentially driving XRP's price higher.
However, if XRP fails to break out, there is a risk of a downside with support levels around $2 and $1.74.