XRP price is poised for a breakout towards $3, indicating a potential 37% increase from its current value.
Analyst predicts a surge in XRP's price with the formation of new bullish patterns and a strong rebound from a critical support zone near $2.05.
Although the technical setup looks promising for XRP, caution is advised as failed breakouts and sharp breakdowns are common in cryptocurrency markets.
Potential scenarios include a successful breakout leading to higher price levels or a 'fakeout' causing a sharp price drop to important support levels.