XRP News Today: XRP Gains Institutional Momentum AVAX Approaches $30 Resistance BlockDAG Surpasses 2.5M Users

XRP has seen renewed interest following comments from Ripple’s CTO, David Schwartz, who highlighted how trust lines on the XRP Ledger could facilitate institutional adoption without requiring large financial firms to overhaul their systems [1]. This feature, which allows for low-cost digital handshake agreements between institutions, is being seen as a potential catalyst for broader usage of the XRP Ledger in financial infrastructure [1]. Ripple’s Interledger Protocol also adds value by enabling seamless cross-asset conversions, reinforcing XRP’s utility in a non-crypto-centric environment [1].

Meanwhile, Avalanche (AVAX) is experiencing bullish price action as it tests the $26–$30 resistance range. Analysts have noted the formation of a W-bottom pattern following extended consolidation, with key moving averages aligning near this level [1]. A cup and handle formation further supports the possibility of a near-term breakout, with initial targets at $28–$32 and longer-term projections reaching as high as $120–$128 [1]. Increased trading activity around the $11 billion market cap zone reflects growing accumulation and profit-taking [1]. A clean break above $30 could trigger a multi-stage rally, while a rejection could lead to further downward retesting [1].

In a different but equally compelling narrative, BlockDAG is gaining traction with its X1 mobile mining app and X10 hardware miner, both of which were recently demonstrated in a live event on July 23 [1]. The X1 app, already adopted by over 2.5 million users, enables mining of BDAG via Proof-of-Engagement on smartphones [1]. The X10 device, meanwhile, can mine up to 200 BDAG per day, offering significant returns through connectivity features like Wi-Fi and Bluetooth [1]. BlockDAG has also secured listings on 20 exchanges, including MEXC, LBank, and BitMart, ensuring strong liquidity and accessibility from its launch [1].

With $380 million already raised in its presale and a projected launch price of $0.05—compared to the current $0.0276—BlockDAG is being positioned as one of the most compelling projects for higher returns [1]. Analyst forecasts suggest potential price movement between $1 and $10, depending on adoption and scaling performance [1]. Unlike many projects that rely on speculative hype, BlockDAG is demonstrating operational capability and user growth ahead of its official launch [1].

While XRP and AVAX are strengthening their cases through institutional potential and technical setups, BlockDAG is differentiating itself by delivering tangible results. With a growing user base, confirmed exchange access, and a clear roadmap, it is offering a unique blend of accessibility and growth potential in a market that often prioritizes promises over proof [1].

Source: [1] XRP Price Action Gains, AVAX Price Watch Strengthens, While BlockDAG’s X1 & X10 Demo Delivers Proof of Higher Returns (https://coinmarketcap.com/community/articles/68aa2053398b8d678707f9e3/)