<ul data-eligibleForWebStory="true"><li>Analysts see a bullish pennant forming in a large supply region for XRP, with a target price of $5.</li><li>XRP is potentially entering its fifth wave, with targets set between $2.26 and $2.32 according to the Elliot Wave Theory.</li><li>There is confidence in XRP's bullish trend due to technical signals and regulatory clarity, with a potential breakout expected if the coin stays above $2.14.</li><li>The sentiments around XRP have turned positive, and analysts are closely monitoring if the $2.14 support level holds steady for a possible breakout towards the $5 target.</li></ul>

XRP Eyes Breakout as Bullish Pennant Forms With $5 Target in Sight

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