XRP News Today: Toncoin Eyes 20% Surge to $4.2 as XRP Faces 45% Drop Risk and BlockDAG Hits $374M Presale Mark

Market observers are closely monitoring Toncoin (TON) amid a bullish price forecast fueled by recent developments. The cryptocurrency has been consolidating between its 100- and 200-day exponential moving averages (EMAs), and a breakout above $3.588 could propel it toward $4.211, representing a potential 20% rise [1]. Analysts highlight the growing optimism reflected in open interest data, which shows long positions increasing from 48.71% to 50.43% in just one day [1]. A golden cross between the 50- and 100-day EMAs is also on the horizon, reinforcing the potential for continued upward momentum. The support of major backers such as Coinbase Ventures further bolsters confidence in the TON price forecast [1].

In contrast, XRP faces a more uncertain outlook. Chart patterns on the two-week timeframe bear a striking resemblance to 2018, a period marked by a sharp decline following a similar formation. Current technical indicators suggest a bearish divergence, with prices potentially sliding toward $1.64, or about 45% below current levels, as it aligns with the 50-period EMA [1]. However, a strong break above $3.55 could shift the trajectory toward $4.41 or even $5.68, contingent on sustained trading volume, ETF approvals, and whale-driven market activity [1].

Meanwhile, BlockDAG (BDAG) is generating significant attention through a novel approach to market readiness. The project has launched a live trading dashboard that mirrors a professional exchange, complete with a depth chart, live BDAG/USD price feed, order book, and trade history. This tool enables early price discovery and familiarizes participants with key trading tools before the official listing [1]. The BDAG dashboard also allows real-time engagement through buy and sell panels. The buy panel links directly to the ongoing presale, while the sell panel provides a testing ground for order placement and liquidity flow [1].

The presale, which has already surpassed $374 million, has seen the sale of over 25.1 billion BDAG tokens, with the current batch priced at $0.0276—a 2,660% increase from the first batch [1]. Analyst forecasts suggest multi-dollar potential for BDAG, with $5 being a frequently cited target [1]. The project’s live trading setup and strong presale figures position it as a top-tier contender in the crypto space.

The developments surrounding Toncoin, XRP, and BlockDAG underscore the dynamic nature of the cryptocurrency market. While TON remains focused on a breakout above key resistance, XRP faces a bearish technical outlook that could see a significant drop. In contrast, BlockDAG’s proactive approach with a live trading dashboard and a robust presale indicates strong momentum as it prepares for a major market entry.

Source: [1] Toncoin Targets $4.2, XRP Could Slide 45%, as BlockDAG’s $374M Presale Unveils Market-Ready Dashboard (https://coinmarketcap.com/community/articles/689f34a5d09be932afacd849/)