XRP Bulls Eye $2 as Crypto Breaks Out of Long-Standing Range

XRP's recent price action has formed a 'bull flag' pattern, indicating a brief pause after a strong move up that often ends with the price continuing in the same direction.

This comes as XRP has been stuck in a tight, choppy range since July last year, but recently broke out of it with one of its biggest weekly moves in a long time.

According to analysts, if XRP can close above $1.43 for a few hours in a row, that's the signal traders are watching to confirm the breakout is real.

If XRP breaks higher, the analyst puts the short-term target at around $2.10, which would be a move of roughly 56% from its current price.