XRP Breakout Heralds Potential Rally to $2.10

XRP has been stuck in a tight range since July last year, but it recently broke out of that range with one of its biggest weekly moves in a long time. The price is now sitting between $1.43 and $1.30, essentially holding its breath.

The analyst puts XRP's short-term target at around $2.10, which would be a move of roughly 56% from the current price. Looking further out, there's an even bigger target on the table: around $3.68, which would mark a new all-time high for XRP.

The analyst believes that if XRP can close above $1.43 for a few hours in a row, it will confirm the breakout is real and send the price towards its targets. However, if XRP falls below $1.30 instead, the bullish setup falls apart and a deeper pullback becomes more likely.