XRP News Today: XRP Gains Institutional Momentum With Trust Lines and Interledger Avalanche Eyes $30 Breakout as Technicals Align for Bullish Run BlockDAG Surpasses $379M Presale With 20 Exchange Listings Confirmed

XRP is gaining traction as Ripple’s CTO, David Schwartz, highlights its role in institutional cross-border payments through the XRP Ledger. By enabling institutions to create trust lines—digital agreements that allow selective asset access—XRP operates as a bridge without requiring banks to overhaul their existing systems. These trust lines cost just 0.2 XRP each, making compliance manageable while ensuring ongoing demand for the asset. Ripple’s Interledger Protocol also facilitates seamless conversions, such as Bitcoin to fiat, enhancing XRP’s utility without forcing a crypto-centric shift. Analysts suggest this could lead to gradual adoption and hidden demand, fueling long-term price growth [1].

Avalanche (AVAX) is showing strong technical signals as it tests key resistance levels between $26 and $30. A W-bottom chart pattern formed during a consolidation phase between $17 and $30, with the neckline at $26. This is supported by a cup-and-handle formation and alignment with the EMA 50 and EMA 100, reinforcing the potential for a breakout. Traders are setting short-term targets at $28–$32, with longer-term forecasts pointing to $55 or even $120–$128 if momentum holds. Volume has surged near the $11 billion market cap, indicating active trading and profit-taking. A decisive close above $30 could signal the start of a multi-stage rally, while a failure to break through risks another pullback to lower levels [1].

BlockDAG (BDAG) has distinguished itself with a $379 million presale and tangible product development. With 25.2 billion tokens sold and a Batch 29 price of $0.0276, the project has already generated significant interest. Early participants from Batch 1 have seen returns of 2,660%, demonstrating rapid momentum. On July 23, BlockDAG launched live demos of the X1 mobile app and X10 plug-and-play miner. The X1 allows users to mine BDAG via smartphones using Proof-of-Engagement, while the X10 miner can generate up to 200 BDAG daily—ten times the output of the X1. Over 19,300 miners have been sold, raising more than $7.8 million, indicating real-world demand. BlockDAG has also confirmed listings on 20 exchanges, including MEXC, LBank, and BitMart, ensuring immediate liquidity post-launch. Analysts are forecasting ambitious price targets between $1 and $10, driven by strong presale performance and product adoption [1].

While XRP is carving a path to institutional adoption and Avalanche is showing bullish chart setups, BlockDAG stands apart by demonstrating execution. It is not only raising capital but also building live tools, securing exchange access, and building a community. With $379 million raised, 20 exchange listings confirmed, and early users already seeing substantial returns, BlockDAG is proving that it is more than just hype. In a market where many projects struggle to deliver after launch, BlockDAG is showing results before the official debut [1].

Source: [1] XRP Pushes Forward, Avalanche Sets Up a Breakout, and BlockDAG’s $379M Presale Proves It’s More Than Hype (https://cryptonewsland.com/xrp-pushes-forward-avalanche-sets-up-a-breakout-and-blockdags-379m-presale-proves-its-more-than-hype/)