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

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.