XRP Bulls Eye $2.10 as Breakout Pattern Forms

XRP's recent price action has been characterized as a 'bull flag' by analysts, indicating a brief pause after a strong move up that often precedes further gains.

The cryptocurrency has been trading in a tight, choppy range since July last year, but recently broke out with one of its biggest weekly moves in a long time, according to technical analysis.

For XRP to confirm the breakout and continue higher, it needs to close above $1.43 for several hours, while falling below $1.30 would flip the picture bearish.

If XRP breaks through the $1.43 level, a short-term target of around $2.10 is predicted, representing a move of roughly 56% from current levels.

A longer-term target of around $3.68, which would mark a new all-time high for XRP, is also mentioned, but this is seen as a more distant possibility that could take weeks or months to materialize.