XRP Bulls Defend Key Level as Analyst Envisions Another 100% Rally

XRP is back on the offensive, but can it really reach the $2.70 target? The price rally initiated by the cross-border token in mid-August was halted at $1.70, and the subsequent correction drove it south hard to under $1.35. However, the asset managed to rebound swiftly and now sits above a key support level at $1.40. This has provided additional fuel to popular bullish analysts such as EGRAG CRYPTO to map out XRP’s next move, which could take it north by almost 100%. Is $2.70 on the Map for XRP? The token’s recovery coincided with a substantial increase in trading activity as the spot volume across major exchanges skyrocketed to its highest level since February in late August. Binance alone handled almost $7.3 billion in XRP spot trades, followed by South Korea’s Upbit ($4.7 billion) and Bithumb with $2.6 billion. EGRAG argued that XRP is now attempting to establish a bullish continuation pattern after recovering from the recent pullback that drove it from $1.70 to $1.33 in just over a week. The key here will be whether buyers can reclaim the resistance area that has repeatedly capped the asset’s breakout attempts. If XRP is finally successful, it could aim at $2.70, said EGRAG, w...