XRP, Ripple Lab’s flagship crypto asset, is in a potential breakout situation after rising 68% in the past week.The current chart formation of XRP suggests a possible monumental breakout, with a price target of $4.20, up 630% from its current value.The previous similar chart pattern of XRP in 2013 and 2017 led to impressive rallies, including a 60,000% increase in value.Factors such as increasing trade volume, technical indicators, and speculation of institutional interest contribute to the positive outlook for XRP.