Senior trader claims that XRP's market cap could reach $500 billion in 6 weeks

Peter Brandt stated that XRP should achieve a 260% increase or a target price of $6.40 after breaking out, but delays could affect the outcome of the chart pattern.

The price of XRP (XRP) is trying to close above its descending resistance trend line, which had previously restricted the price movement of the altcoin.

A consecutive breakout of the trend line and the resistance zone between $2.48 and $2.60 would be a strong signal from the bulls, potentially leading to a breakout at $2.72.