XRP News Today: Cold Wallet Presale Hits $6.2M as XRP and XLM Show Bullish Technical Patterns

Cold Wallet, a blockchain-based digital wallet platform, has raised $6.2 million in its ongoing presale, with the CWT token priced at $0.00998 in stage 17 of the offering [1]. The platform emphasizes real-world utility through its $CWT token, which is designed to serve as a governance mechanism, offering users influence over the platform’s development, along with staking and cashback rewards. This approach shifts the value proposition from short-term price movement to active usage and engagement [1]. Users can participate in DAO voting to shape product features, reward models, and future integrations, while holding CWT unlocks higher cashback tiers and future staking opportunities [1].

XRP has shown signs of long-term structural resilience, currently trading just below the $3.34 resistance level after bouncing from the $2.72 support zone [1]. The token is forming a symmetrical triangle on the daily chart, a pattern often seen before significant price moves. The 20, 50, 100, and 200-day exponential moving averages are clustered between $3.03 and $3.24, reinforcing structural support [1]. The Chaikin Money Flow remains slightly positive, and the Supertrend indicator is flashing green above $3.45, suggesting a potential bullish continuation if the resistance level is successfully broken [1].

Meanwhile, Stellar (XLM) is demonstrating long-term momentum despite recent consolidation near $0.45 [1]. Technical indicators suggest that the asset is building strength beneath the surface. A completed falling wedge and a developing bullish pennant pattern indicate potential for a breakout. XLM is currently positioned above its 50-day moving average, and the Awesome Oscillator remains in positive territory, signaling increasing buying pressure [1].

Cold Wallet distinguishes itself from XRP and Stellar by embedding utility directly into user actions [1]. Rather than relying primarily on market speculation, the platform ties rewards to active usage and participation. This approach aligns with a broader trend in the crypto industry toward utility-driven value, where token holders are incentivized to engage with the ecosystem rather than merely trade [1]. The growing interest in Cold Wallet, XRP, and Stellar reflects the evolving landscape of blockchain technology, where technical indicators and real-world utility are becoming increasingly intertwined [1].

Source: [1] Cold Wallet vs XRP and Stellar: Long-Term Utility and ... (https://coincu.com/pr/cold-wallet-vs-xrp-and-stellar-long-term-utility-and-the-rise-of-the-most-popular-cryptocurrency/)