Yes, as long as the actual number is less than the potential number, the potential number can keep going up. The first training camp typically see the biggest movement, but that’s not always true.
A simple way to ballpark how much the potential is going to go up is take potential - actual and multiple the difference by the Vol/100. For example:
Vol: 60
Pass Catching: 15/60
Difference: 45
45*.60 = 27
60+27 = 87
So this players pass catching would end up around 87. There is random variations that make it impossible to predict the ultimate value.