XRP News Today: Cold Wallet Surges to 2 Million Users After $270M Plus Wallet Acquisition

Cold Wallet has surged in prominence with the acquisition of Plus Wallet for $270 million, instantly giving it a user base of over 2 million active users. This strategic move positions Cold Wallet as a significant player in the crypto wallet space, with its native token, $CWT, being integrated into everyday transactions such as swaps and gas fees. The platform’s cashback system and referral incentives are already driving real-world demand, with no dilution of supply and a strong ROI potential estimated at 4,900% [1].

Meanwhile, Ethereum (ETH) remains relatively stable at $3,628, hovering near a critical resistance level of $3,672. Analysts suggest that a breakout above this threshold could push the price toward $3,850, while continued support at $3,556 has kept buyer interest alive. Recent market data shows steady outflows of $42.64 million, suggesting accumulation by long-term holders. Binance’s long-to-short ratio of 3.41 further supports the bullish sentiment, provided the price remains above $3,556 [2].

On the other hand, XRP has shown signs of weakness, trading near $2.9454 and struggling to hold above the $2.90 to $2.91 support range. If it falls below this level, further declines to as low as $2.60 are possible, representing an 11% drop from current levels. Key resistance levels include the 50-day and 200-day moving averages at $2.96 and $3.13, respectively. Diminishing trading volume indicates a lack of buyer interest, and without a strong rebound above $3.00, the bearish bias for XRP is likely to persist [3].

Cold Wallet’s rapid user growth and active presale campaign highlight a different trajectory in the crypto market. Unlike traditional crypto projects that rely on speculation, Cold Wallet leverages real-time utility through integrated rewards and cashback incentives. These features, combined with a growing user base and strategic acquisition, underscore its potential as a top-tier crypto project heading into 2025. The platform’s current success, with over $5.8 million raised during Stage 17 of its presale, reflects strong investor confidence and immediate adoption [1].

The market is watching closely as Ethereum tests a key resistance level and XRP faces potential downward pressure. Cold Wallet, however, continues to stand out with its scalable infrastructure and practical use cases, positioning $CWT as a token with real utility and growth potential in the evolving crypto landscape.

Source: [1] Cold Wallet Gains 2 Million Users With $270M Acquisition And Cashback (https://coinmarketcap.com/community/articles/6897e2283b515077fb4c3bf4/)