XRP News Today: XRP Breaks Out Above Flag Formation Targeting 380% Gain

XRP has recently completed a classic bull flag formation on its daily chart, indicating a continuation of its prior uptrend. This technical pattern consists of a steep flagpole followed by a parallel channel forming the flag. A clean breakout has now emerged above the channel’s upper boundary, confirming the bullish setup and drawing attention to a projected upside target of $10.078. The chart shows XRP rising steeply before entering consolidation, with the flag structure extending over several months and forming lower highs and lower lows within parallel lines. A breakout from this zone has historically indicated strong bullish momentum, and the 1.618 Fibonacci extension level also aligns closely with the $10 price projection.

As of now, XRP trades at $2.10, with critical support at $2.08 and resistance near $2.18. Despite a slight pullback, the breakout above the flag remains intact. This price range places XRP near a decision zone, where bulls must hold above the breakout to confirm further upside. The 0.5 Fibonacci retracement level appears around $3.29, possibly acting as an intermediate target, while the upper breakout path leads toward the higher extension near $11.07. A well-defined flagpole and consistent support trend reinforce this bullish continuation, supporting a sustained move if XRP holds the new breakout level over time.

Alongside XRP, PENGU has also attracted attention with an upward move of 3.4%, now trading at $0.0097. Support lies near $0.009078, and short-term resistance stands at $0.009684. The 24-hour BTC comparative gain of 3.7% indicates growing strength, with PENGU approaching its local resistance and remaining within a tight range. This hints at continued consolidation or breakout potential. The correlation with XRP’s breakout suggests shared market sentiment across selected altcoins. While the XRP move stems from a clear pattern, PENGU’s trajectory reflects buyer interest and consistent momentum. Together, both assets are navigating key technical levels, with price action defining their next directions.