The price of XRP is heading towards an increase to $3.45 after the CEO of Ripple asked investors to "hold on."

The XRP currency is targeting a breakout towards the $3-3.45 level as strong technical support and Ripple's expanding institutional push fuel the renewed upward momentum.

The CEO of Ripple stated that XRP is "at the core of everything" with the launch of Ripple Prime.

It seems that the price of XRP will break through the resistance level at $3 amid bullish technical momentum.

Indicators of a 35% chance of a breakout, as bullish technical indicators align with new fundamentals, including Ripple CEO Brad Garlinghouse's renewed efforts to support the company's blockchain vision of "Internet of Value."

COINTELEGRAPH