The crypto market is showing mixed signals this week. XRP and Monero are both drawing attention, but for different reasons. XRP’s price setup looks fragile after its climb above $3, while Monero is showing signs of a potential continuation toward the $290 area.
XRP traders are watching for possible profit-taking, with analysts flagging a move toward $2.39 as a downside scenario. Monero, meanwhile, is showing technical strength, alongside concerns about hashrate concentration.
Meanwhile, BlockDAG has reported ongoing interest in its token-sale fundraising. The project says it has raised over $380 million and that BDAG is priced at $0.0276 in Batch 29. Project materials also describe a 25% referral program, a hybrid blockchain-DAG design, and an updated Dashboard V4.
Monero (XMR) Technical Picture Points Higher Despite Network Concerns
Monero (XMR) has been moving steadily upward for three days, holding close to the 200-day EMA at around $275. Analysts say Monero is forming a falling wedge, a pattern often associated with bullish breakouts. A confirmed push above $275 could move the price toward the $290 area.
Momentum indicators are cited in support of this view. The RSI has bounced back from oversold conditions, while the MACD has flipped positive, which can indicate a possible trend change. Some on-chain data is also interpreted as showing more wallet accumulation, though such metrics can be difficult to verify and may change quickly.
Risks remain. Qubic Protocol is reported to hold control over 51% of Monero’s hashrate, raising concerns about centralization. This has led some exchanges, including Kraken, to adjust deposit handling, including requiring 720 confirmations.
Monero’s recent move reflects a mix of positive technical signals and network-level concerns. How price reacts around the $275 to $290 range may be a key area to watch, while mining concentration remains a separate risk factor.
XRP Price Setup Faces Correction Risk
XRP has been one of the strongest gainers this year, rising from under $0.40 to above $3. However, the current price setup is showing signs of weakness. With a large share of holders estimated to be in profit, some analysts warn that profit-taking could contribute to a pullback.
On the charts, XRP is described as trading within a descending triangle, with $3.05 highlighted as a key support level. A breakdown below that level could bring the price toward $2.39, a move of roughly 20% from $3.05. Some on-chain indicators, including NUPL, have also been cited as suggesting late-cycle conditions, though these signals are not definitive.
On the upside, analysts have pointed to resistance at $3.25 and $3.50. Higher targets are sometimes discussed if those levels are cleared, but any such projections are speculative and depend on broader market conditions.
BlockDAG: Referral Program, Hybrid Design, and Dashboard V4
BlockDAG’s recent updates have been promoted alongside its token-sale fundraising. The project says it has raised more than $380 million, sold over 25.3 billion BDAG coins, and generated $7.8 million in miner sales, with more than 19,350 miners sold. It also states that BDAG is priced at $0.0276 in Batch 29.
One feature highlighted by the project is a referral program. According to project materials, participants who refer new buyers receive 25% rewards in BDAG, while new buyers receive an additional 5% bonus. Such incentives are marketing mechanisms and may change over time.
The project also describes a hybrid system combining blockchain with a DAG (Directed Acyclic Graph). It claims the design can process up to 15,000 transactions per second and supports EVM compatibility, though such performance and compatibility statements should be evaluated against independent technical documentation and real-world conditions.
According to the project, Dashboard V4 includes features such as live charts, wallet balances, order books, referrals, and leaderboard rankings, intended to show token-sale activity in real time.
These elements—referrals, the stated architecture, and dashboard tooling—are central to how BlockDAG is presenting itself during its fundraising period.
Key Takeaways
Monero’s falling-wedge setup is being monitored for potential continuation, but it is tempered by concerns over hashrate concentration. XRP’s move above $3 has put focus on whether support near $3.05 holds, with technical and on-chain indicators offering mixed signals.
BlockDAG’s updates, including its referral program and Dashboard V4, are being promoted alongside the project’s stated fundraising totals and token-sale pricing. Readers should treat project-reported figures and performance claims as unverified unless independently confirmed.
Project website (for reference): https://blockdag.network
Telegram (project channel, for reference): https://t.me/blockDAGnetworkOfficial
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. Any figures, timelines, product features, or incentive programs referenced above are based on project communications and may change.
