Schlagwort: crypto business

• XRP is currently trading at $1.38, down over 3% in the past week.
• The XRP Ledger has attracted over $3 billion in tokenized real-world assets.
• XRP could retest $1.25 or lower if bearish pressure persists.

Ripple cryptocurrency XRP is trading largely flat over the past 24 hours, as buyers struggle to decisively breach the $1.40 level following an intraday uptick from lows of $1.36.

The price performance—showing XRP down on the weekly timeframe and up just 5% over the past month—contrasts with a sharp spike in the value of tokenized real-world assets (RWAs) on the XRP Ledger.

XRP Ledger hits $3 billion RWA value

While XRP continues to struggle for upside momentum, bullish sentiment appears to be building around the XRP Ledger (XRPL).

The network has reached a milestone of $3 billion in total tokenized real-world asset value, marking a notable 55% increase over the past 30 days.

According to data from rwa.xyz, XRPL’s growing RWA ecosystem now includes more than 290 active projects.

On-chain activity is also reflected in 3,819 unique RWA holders, while the stablecoin market capitalization on XRPL exceeds $508 million.

Among specific projects, the largest RWA on XRPL is Justtoken’s JMWH token, a tokenized commodities asset valued at over $1.76 billion.

Meanwhile, Ripple’s native RLUSD stablecoin accounts for more than $400 million in tokenized value, while Ondo Finance’s short-term US Treasury products and VERT Capital’s asset-backed credit contribute approximately $323 million and $139 million, respectively.

Market experts view XRPL’s RWA growth as a sign of increasing institutional adoption and confidence, with the potential to drive further network utility.

XRP price analysis

Despite the surge in RWA activity, XRP’s price remains capped below $1.50, as bulls face persistent pressure from macroeconomic headwinds and profit-taking.

The token has been in a broader downtrend since peaking at $3.67 in July 2025, with declines accelerating during major market sell-offs on October 10, 2025, and February 5, 2026, when prices dropped to lows of $1.58 and $1.13, respectively.

Recent weakness—including a pullback to $1.36—highlights the importance of the 50-day simple moving average as a key technical level.

From a chart perspective, XRP is trading within a descending triangle pattern on the daily timeframe.

The relative strength index (RSI) is hovering around 48 and trending lower, while a bearish MACD crossover reinforces near-term caution.

Despite the cautious technical outlook, potential inflows from a future XRP ETF and improving macro or geopolitical conditions could lift broader crypto sentiment.

If RWA growth continues, strengthening on-chain metrics—such as rising holder counts and stablecoin total value locked—may provide additional support.

In the short term, XRP risks a move toward $1.25 if downside pressure persists.

However, a sustained break above $1.45 could open the door to $1.70. In a more bullish, RWA-driven scenario, $2.00 and the key $3.00 level emerge as major resistance zones.

The post XRP price forecast as tokenized RWA on XRP Ledger explodes to $3B appeared first on CoinJournal.

• Protocol 22 has boosted the scalability of Pi Network ahead of smart contracts in May.
• Pi must break $0.190 to target $0.2045 and $0.220.
• Key support at $0.1832 remains crucial for bullish momentum.

Pi Network (PI) token traded near $0.1893 on April 28 after gaining roughly 5.8% in 24 hours and more than 10% over the past week, reflecting stronger market interest as the network moves through a critical development phase.

The recent recovery is notable considering the asset’s all-time low of $0.1312 in February 2026, while still sitting far below its February 2025 peak of $2.99.

Protocol 22 mainnet upgrade

Notably, the price surge comes as Pi Network completed its Protocol 22 mainnet upgrade on April 27, a major infrastructure update designed to improve scalability, transaction throughput, and overall network readiness for decentralised applications.

Protocol 22 is widely seen as a foundational step before the expected Protocol 23 rollout in May, which is projected to introduce smart contracts and expand Pi Network’s ecosystem with broader decentralised finance (DeFi) and cross-chain functionality.

More than 10 billion PI tokens have already migrated to Mainnet, with approximately 6 billion remaining locked.

This large locked supply continues to limit immediate sell pressure while also supporting market attention around future utility expansion.

For many traders, the upcoming Protocol 23 release is even more important since smart contract functionality could significantly expand PI’s practical use cases beyond peer-to-peer transfers by allowing developers to build decentralised applications directly on the network.

Technical indicators show improving momentum

Current technical analysis suggests Pi is attempting to form a double-bottom breakout pattern, with the neckline sitting near $0.190.

A confirmed move above this level could push the price toward $0.2045, while a stronger continuation may open the path toward $0.220.

According to aggregated market indicators, a majority of technical indicators signal that the short-term momentum is leaning positive.

Moving averages are especially supportive, with PI currently above its 10-day, 20-day, 50-day, and 100-day exponential moving averages, reinforcing short-term strength.

However, the token still trades below its 200-day EMA, which suggests broader macro resistance remains in place.

The 14-day Relative Strength Index stands at 63.96, placing PI coin in neutral territory without signalling immediate overbought conditions.

On the weekly timeframe, RSI is closer to 36.01, which indicates that PI may still be recovering from previously oversold conditions.

Pi Network price forecast

Looking at the price targets that traders should consider moving forward, the immediate support sits at $0.1832.

A drop below this level may weaken short-term bullish momentum and expose Pi Network (PI) to downside pressure toward $0.1670, with deeper losses potentially reaching $0.1322.

On the upside, the first major resistance is $0.1884. A breakout above this level would strengthen breakout potential and could send PI coin toward $0.1926.

If bulls successfully clear the broader $0.190 neckline, the next major target becomes $0.2045. A sustained breakout above that level may extend gains toward $0.220.

Looking further ahead, broader 2026 projections place PI’s possible trading range between $0.1121 and $0.5246, depending largely on successful ecosystem expansion, smart contract adoption, and broader crypto market conditions.

The post Pi Network price outlook amid Protocol 22 upgrade, ahead of the May Protocol 23 upgrade appeared first on CoinJournal.

• Pudgy Penguins (PENGU) price touched $0.010 amid double-digit gains.
• The token surged as the Pudgy Penguins floor price pumped.
• Other non-fungible tokens also soared, including the Bored Ape Yacht Club.

Pudgy Penguins’ native PENGU token is up double digits in the past 24 hours, riding high on skyrocketing floor prices to touch three-month highs.

This surge comes amid notable price increases in the Pudgy Penguins NFT, with other tokens related to the sector also experiencing significant gains.

However, an uptick for Bitcoin and Ethereum fizzled on Monday, a scenario that puts the tokens’ prices in danger of retreating amid profit-taking.

Pudgy Penguins soars 14% amid NFT price gains

Data shows top non-fungible token collections are experiencing a remarkable resurgence, with floor prices extending their upside momentum.

Pudgy Penguins currently leads the charge as its floor price climbs above 5 ETH, with over 20% in weekly gains.

Market data highlights this momentum, with over 20 sales and nearly 1,000 ETH in trading volume over the past seven days.

The Bored Ape Yacht Club (BAYC) NFT boosts similar metrics and shows an 81% spike in floor price over the last 30 days.

Yet, this optimism contrasts with contracting overall NFT market participation.

Global sales, transactions, and active users have nearly halved since February, even as average sale prices have more than doubled.

This divergence suggests a concentration of capital among high-value collections like Pudgy Penguins, potentially signaling selective bullishness rather than broad recovery.

Notably, PENGU price is up 40% over the past week, and the 14% gain in the last 24 hours has pushed it to above $0.010 for the first time since late January.

Pudgy Penguins is in double digits up year-to-date.

​Pudgy Penguins price analysis

Analysts attribute the NFT rally primarily to surging cryptocurrency prices, with Bitcoin (BTC) recently touching $80,000 and Ethereum (ETH) reaching $2,400.

The broader market sentiment looks to have amplified demand for top-tier NFTs, where Pudgy Penguins has stood out with elevated transaction counts accompanying its price climb.

In the market, surging floor prices typically reflect strong conviction, and the opposite shows amid declining floor prices.

PENGU gains mirror Pudgy Penguins’ NFT momentum, and the upmove lifts bulls above the $0.008 supply zone.

The surge to above $0.010 makes the 100-day and 50-day moving averages key support levels at $0.0082 and $0.007.

Among technical indicators to note is the Relative Strength Index (RSI) that currently hovers above 70, signalling overbought conditions.

Traders may need to watch out for NFT market fatigue or a significant BTC pullback.

If this happens, PENGU price could test lower support levels, including Feb 6 low of $0.0052.

On the flipside, the moving averages hint at a potential golden cross, with price likely to extend towards the YTD peak around $0.014.

The post PENGU token jumps 14% amid Pudgy Penguins floor price pump appeared first on CoinJournal.

• The USDPT stablecoin will run on Solana and be issued via Anchorage Digital.
• Launch is planned for May 2026 after final rollout preparations.
• Western Union links crypto wallets to its global cash network.

The Western Union CEO, during the Western Union’s first-quarter earnings discussion, announced that the company is moving closer to launching its dollar-backed stablecoin USDPT on the Solana blockchain, with a rollout targeted for May 2026.

The update comes after months of internal development around Western Union’s broader digital asset strategy, which aims to combine blockchain settlement with its long-established global cash transfer network.

USDPT moves from concept to near launch

USDPT, short for US Dollar Payment Token, is a fully dollar-backed stablecoin designed to operate on the Solana network.

The token will be issued through Anchorage Digital Bank, a federally regulated crypto institution in the United States.

This structure places regulatory oversight at the centre of the project, while still allowing blockchain-based settlement.

According to details shared by Western Union, the stablecoin will be integrated into a newly developed system known as the Digital Asset Network.

This network will connect crypto wallets, exchanges, and digital platforms directly to Western Union’s physical cash-out infrastructure, which spans more than 200 countries and hundreds of thousands of agent locations worldwide.

The system is designed to allow users to move between digital dollars and physical cash without relying on traditional banking intermediaries.

Users will be able to send USDPT on-chain and withdraw local currency at Western Union locations.

Solana chosen for speed and scale

Solana has been selected as the underlying blockchain for USDPT due to its high throughput and low transaction costs.

The network can process thousands of transactions per second, with settlement times measured in seconds.

This aligns with Western Union’s requirement for high-volume remittance flows.

Notably, Western Union processes millions of cross-border transactions annually, many of which involve small-value transfers.

The company has highlighted that traditional settlement systems often take several days and rely on multiple intermediary banks, while, in contrast, USDPT on Solana is expected to reduce settlement time to near-instant execution while lowering operational costs.

Anchorage Digital Bank will handle issuance and custody, ensuring that each USDPT token remains fully backed by US dollar reserves under regulated standards.

Launch timeline set for May 2026

While earlier guidance placed the rollout within the first half of 2026, the latest update narrows the timeline to May 2026.

The project is described as being in its final preparation phase, with technical integration and network testing underway.

The post Western Union CEO hints at Solana-based stablecoin USDPT launch in May appeared first on CoinJournal.