XRP has been trading higher in recent sessions, with some market participants watching its 100-day moving average and a developing triangle pattern that could resolve in either direction. Meanwhile, Ethena (ENA) has risen sharply over the past month, alongside increased attention on its USDe stable asset, even as broader market conditions have been mixed.
Cold Wallet has said it is acquiring Plus Wallet for $270 million, a deal the project claims would add around 2 million users to its platform. The project is also running a token sale and states the token is priced at $0.00942 in “Stage 16.” These figures and terms have not been independently verified.
XRP Price Charts Signal Potential Breakout Ahead
XRP is holding around $0.62 following a steady upward move, and some technical analysts are watching a possible breakout setup. The asset has remained above its 100-day simple moving average, which is often used as a long-term trend reference. A symmetrical triangle appears to be forming, a pattern that can precede a larger move but is not predictive on its own. The $0.65 area remains a key level on many traders’ charts.
If XRP were to move above $0.65 with sustained volume, some traders would treat that as confirmation of a break from the current range. Macro conditions and broader market liquidity can also affect how any move develops.
Ethena Gains 115% Amid Overall Market Pullback
Ethena (ENA) has risen about 115% over the past month. The article’s figures also cite a 21% move in 24 hours, 39.3% over seven days, and 56.7% over two weeks. Commentary around the move has pointed to growing interest in USDe, Ethena’s stable asset, which has been reported as exceeding $7 billion in circulating supply.
Some observers have noted that if demand for USDe cools, ENA’s momentum could change as well. As with other tokens, past price movements do not indicate future performance.
Cold Wallet Finalizes $270M Plus Wallet Deal to Challenge the Status Quo
Cold Wallet says it has acquired Plus Wallet for $270 million. The project describes the transaction as an effort to expand distribution and add features used by Plus Wallet customers in multiple regions.
According to project materials, Cold Wallet includes features such as swaps and mechanisms described as fee rebates or usage-based rewards. The project also describes its token sale as being in “Stage 16” at a stated price of $0.00942. As with any early-stage crypto project, details may change and there is no guarantee that product features, pricing, or distribution plans will develop as described.
Conclusion
XRP traders are watching key technical levels, while ENA’s recent rally has coincided with increased attention on USDe. Separately, Cold Wallet’s reported Plus Wallet acquisition and its stated product roadmap are developments some market participants may track, although the claims cited here come from project communications and should be treated as unverified.
Project links (for reference): Website: https://coldwallet.com/ | X: https://x.com/coldwalletapp
This article is a press release or guest post submitted by a company or its representatives. This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
