XRP News Today: XRP Near Key Support as BlockDAG Presale Hits $380M With 25% Referral Rewards

XRP is showing signs of vulnerability after a sharp rally that pushed the token above $3. Traders are closely monitoring the $3.05 level, which serves as a key support in a descending triangle pattern. A breakdown below this threshold could see prices fall toward $2.39, representing a roughly 20% decline from current levels [1]. Technical indicators like the Net Unrealized Profit/Loss (NUPL) suggest the asset may be entering overheated territory, raising the risk of profit-taking [1]. While optimism persists due to ongoing inflows and broader altcoin demand, history shows similar setups have led to sharp corrections in past cycles [1].

In contrast, Monero is building strength within a bullish wedge pattern, currently trading near $275, close to its 200-day EMA [1]. Analysts have flagged the $290 level as a potential breakout target, supported by bullish candlestick formations and a recovering RSI [1]. The MACD has also turned positive, indicating improving market sentiment [1]. However, concerns about centralization persist, with the Qubic Protocol now controlling 51% of Monero’s hashrate, raising fears of potential censorship or manipulation [1]. Kraken has responded by reactivating Monero deposits but requiring 720 confirmations for enhanced security [1].

Amidst these mixed signals, BlockDAG is capturing significant attention with its presale performance. The project has already raised $380 million, selling 25 billion coins, and is offering Batch 29 at $0.0276, with a confirmed listing price of $0.05 [1]. A 25% referral reward system is a key driver, offering both referrers and referred users tangible incentives—5% for the latter and BDAG tokens for the former [1]. The hybrid blockchain-DAG architecture supports up to 15,000 transactions per second and includes EVM compatibility, enabling seamless smart contract development [1]. The recently launched Dashboard V4 further enhances transparency by simulating a live exchange environment with real-time data, including order books and wallet balances [1].

The contrasting trajectories of XRP, Monero, and BlockDAG highlight the volatile nature of the crypto market. While XRP and Monero remain under pressure from structural and technical risks, BlockDAG is delivering measurable growth through a combination of strong fundamentals, community-driven incentives, and innovative infrastructure [1]. For investors weighing early opportunities, the project’s fixed entry point, scalable design, and live tracking capabilities position it as a compelling option as it approaches its $0.05 listing price [1].

Source: [1] XRP Faces Breakdown, Monero Builds Bullish Wedge, and BlockDAG’s 25% Referral Program Drives Presale Total to $380M! (https://coinmarketcap.com/community/articles/68ab8c717491280cc5b417ff/)