XRP News Today: XLM Breaks Out of Wedge as Cold Wallet Presale Surpasses $6.11M

The cryptocurrency market continues to demonstrate divergent movements across major and emerging projects. Stellar (XLM) is currently breaking out of a falling wedge pattern, a technical formation often associated with a shift from bearish to bullish momentum. The asset is now testing a critical resistance zone between $0.455 and $0.460 [1]. Analysts are closely watching whether this breakout can be confirmed with a sustained move above that range, which could trigger further upward movement. On the downside, the 9 EMA at $0.446 and the 50 SMA at $0.420 remain key support levels. If XLM remains above these, the bullish case remains intact, given the strong volume and volatility observed in the $0.315–$0.455 range [1].

XRP, meanwhile, faces a significant support test near $3.17 after struggling to break above $3.33 [1]. Despite a 1.05% daily gain, the asset is showing signs of resistance from sellers at higher levels. A breakdown below $3.17 could see the price retest the $3.10–$3.15 range, a previously effective support area. Traders are watching for a potential move above $3.40 to signal a stronger bullish push, but until that happens, sideways consolidation is expected [1].

In a separate but equally compelling development, Cold Wallet’s (CWT) presale has raised over $6.11M, with Stage 17 priced at $0.00998 per token [1]. The project has positioned itself as a utility-driven crypto wallet that rewards users with CWT tokens for everyday blockchain activities such as gas payments, swaps, and transfers. The confirmed launch price of $0.3517 suggests a potential 3,423% return for early participants. With over 2 million pre-registered users and growing adoption, Cold Wallet is demonstrating real-world traction before its official launch, setting it apart from traditional wallets [1]. The project’s model, which rewards users from day one, has attracted attention as an innovative approach to crypto utility and value accrual.

The contrasting trajectories of XLM, XRP, and Cold Wallet underscore the varied dynamics shaping the current market. While XLM’s breakout and XRP’s support test reflect ongoing technical uncertainties, Cold Wallet’s rapid presale growth and growing user base indicate strong momentum driven by product utility and adoption. The potential for high returns in Cold Wallet, supported by real-world engagement, places it in a unique position within the crypto space [1].

Source: [1] XRP Support Strengthens as Stellar (XLM) Market Develops and Cold Wallet Presale Rockets Past $6.11M (https://crypto-economy.com/xrp-support-strengthens-as-stellar-xlm-market-develops-and-cold-wallet-presale-rockets-past-6-11m/)