XRP News Today: Cold Wallet Acquires Plus Wallet to Challenge Crypto Wallet Leaders

Cold Wallet’s $270 million acquisition of Plus Wallet positions it as a rising force in the crypto wallet sector, challenging long-standing leaders such as Trust Wallet and MetaMask. The deal, combined with the platform’s focus on user incentives and streamlined functionality, signals a shift in how users engage with crypto wallets. Cold Wallet aims to redefine the user experience by integrating reward-based interactions, cashback features, and a no-stake tier model into its platform, creating a system where each action generates value for the user[1].

The acquisition highlights Cold Wallet’s ambition to move beyond competing on user base size and instead reshape expectations around wallet functionality. With Plus Wallet’s rapid growth—reaching 2 million users in just seven months—Cold Wallet is demonstrating that ease of use remains a critical factor in user adoption. However, its broader vision extends beyond mere convenience. By offering CWT token rewards for actions such as swapping and bridging, the platform is building a self-sustaining ecosystem where user activity directly supports the system’s growth[1].

Cold Wallet’s presale, currently in its 16th round, has already raised $5.5 million at a price of $0.00942 per CWT. This early traction suggests strong interest in the project’s model, which emphasizes utility and user-driven value. The platform is also in the process of restructuring Plus Wallet to align with its vision, including integrating CWT-based incentives and simplifying the onboarding process. These changes aim to create a cycle where user participation fuels network activity, which in turn supports the broader ecosystem[1].

Meanwhile, XRP has shown signs of a bullish trend, with whale activity intensifying during a recent price dip near the $3.00 support level. Large holders accumulated over 130 million XRP, with many wallets increasing balances between 10 and 100 million tokens. This strategic accumulation aligns with Fibonacci resistance targets and suggests confidence in a potential move toward $3.82. Despite a drop in trading volume, the long-to-short ratio on several platforms remains above 2.0, reinforcing the belief among experienced traders in XRP’s upward potential[1].

NEAR Protocol also experienced a notable price recovery, rising 6.9% to $2.79 from $2.61, accompanied by a volume spike of about 123,000 units. While technical indicators such as RSI (53) and MACD (0.14) suggest a neutral to slightly bearish outlook, NEAR remains above its 20-day ($2.63) and 50-day ($2.39) moving averages. Analysts point to the current price pattern forming part of a broader wedge structure, similar to past breakout cycles. If NEAR maintains its position above its 100-day and 200-day moving averages—approximately $3.14—it could signal a potential upward movement[1].

Together, these developments highlight a broader trend in the crypto space: the growing importance of user-centric innovation and strategic accumulation by large players. Cold Wallet’s disruptive approach, XRP’s whale-driven bullish momentum, and NEAR’s controlled price recovery all contribute to a market narrative where utility and structure are key drivers of growth[1].

Source: [1]Cold Wallet Acquire Plus Wallet, XRP Whales in Action, NEAR Signal Price Rally (https://coinmarketcap.com/community/articles/68902354c2ab4f6a22e6a860/)