XRP price has triggered a massive breakout level without any news behind it after trading sideways for the last four days. The XRP behind Ripple touched $1.597 and is aiming for a price target of $2 in the longer term.
XRP price formed a bull flag on the 4-hour chart in the last week from which it has triggered a massive 15% breakout level toward $1.59. The XRP is aiming for a price target of $2, calculated by measuring the height of the pole and adding it to the breakout point.
Additionally, on the 12-hour chart, XRP price broke out from a descending triangle pattern level which can be drawn by connecting the lower highs with an XRP trend line that connects to a horizontal trend line of several similar lows.
The breakout level of this pattern has a similar price target at $2.02. This one is calculated by measuring the distance between the lower trend line to the beginning of the upper line one and adding it to the breakout level point.
However, as it is common with these kinds of breakouts pattern, XRP price could see a pullback in the short-term to re-test the previous resistance support trend line which should act as a support point. This means that the XRP price could drop toward $1.30 in the near term.
Dogecoin price could trade sideways for a long time, so traders beware
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