XRP formed a bullish flag with a breakout target of $10.078.
PENGU shows continued upside with resistance at $0.009684 and support at $0.009078.
XRP trades at $2.10 with critical support at $2.08, resistance near $2.18.
XRP has recently completed a classic bull flag formation on the daily chart, suggesting a continuation of its prior uptrend. The 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. This confirms the bullish setup, drawing attention to a projected upside target of $10.078.
https://twitter.com/DRAGON_XRP66/status/1938483369278640428
Notably, the chart shows XRP rising steeply before entering consolidation. The flag structure extends over several months and forms lower highs and lower lows within parallel lines. A breakout from this zone has historically indicated strong bullish momentum. The 1.618 Fibonacci extension level also aligns closely with the $10 price projection.
Support and Resistance Define XRP's Current Setup
As of now, XRP trades at $2.10, down 3.9% in the last 24 hours. Support sits tightly at $2.08, while immediate resistance is marked at $2.18. Despite the 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. On the chart, the 0.5 Fibonacci retracement level also appears around $3.29, possibly acting as an intermediate target. However, the upper breakout path leads toward the higher extension near $11.07.
A well-defined flagpole and consistent support trend reinforce this bullish continuation. The structure supports a sustained move if XRP holds the new breakout level over time.
PENGU Sees Strength as Price Climbs Toward $0.01
Alongside XRP, PENGU has also attracted attention with an upward move of 3.4%. It now trades 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. PENGU is approaching its local resistance and remains within a tight range, hinting 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.
