XRP News Today: Cold Wallet Token Presale Raises $6.3M as XRP and XLM Gain Technical Momentum

Cold Wallet has raised $6.3 million in its token presale, with over 740 million CWT tokens sold at $0.00998 in Stage 17. The token, which is priced to launch at $0.3517, is designed to offer real utility beyond speculative trading. CWT holders gain access to governance, staking, and cashback rewards, reinforcing the platform’s focus on user-driven value. By integrating DAO voting and tiered benefits, Cold Wallet is positioning itself as a user-first crypto ecosystem where token utility is tied to engagement rather than mere holding [1].

XRP, the native token of Ripple, continues to show strong technical indicators. It is currently trading near $3.34 after rebounding from a support level at $2.72. Key moving averages are clustered between $3.03 and $3.24, suggesting a potential breakout. On-chain momentum is also supported by bullish signals such as the Supertrend turning positive above $3.45 and the Chaikin Money Flow showing steady inflows. A successful break of current resistance could reinforce XRP’s longer-term bullish pattern [1].

Meanwhile, Stellar (XLM), the token of the Stellar network, is showing quiet strength. It is currently consolidating near $0.45 and trading above its 50-day moving average. Technical patterns, including a completed falling wedge and a bullish pennant, suggest a potential upward move. The Awesome Oscillator remains positive, indicating sustained buying pressure. Although XLM’s price action appears muted at the moment, the underlying indicators suggest it is building momentum for future growth [1].

Cold Wallet’s approach contrasts with speculative models by embedding real-world utility into every user action. The CWT token is not only a governance asset but also a mechanism for user rewards and active participation. This model reflects a broader shift in the crypto space, where projects are beginning to prioritize long-term engagement over short-term hype. As XRP and Stellar demonstrate technical resilience, Cold Wallet is carving out a distinct identity by focusing on consistent, tangible benefits for its users [1].

Source: [1] Cold Wallet Raises $6.3M With User Rewards While XRP Targets $3.34 Breakout & Stellar Builds Toward 10 Million Accounts (https://coinmarketcap.com/community/articles/68a5e2eb6f6d3f0f79f5b7c5/)