XRP Forms W Pattern with Eyes on $3.25
According to market analyst Steph is Crypto, XRP is exhibiting a notable W pattern on its charts, drawing heightened attention from traders and investors alike.
The W pattern, also known as a double-bottom formation, is widely regarded in technical analysis as a bullish reversal signal. It typically indicates that after a period of decline, a price has found strong support and is poised for a potential upward breakout.
XRP’s W pattern signals potential major price action, with $3.25 as a key level. Amid market volatility, regulatory shifts, and growing blockchain adoption, this pattern offers traders and investors a clear view of possible momentum.
Steph is Crypto notes that XRP’s W pattern underscores its resilience amid market swings. Historically sensitive to institutional adoption, tech upgrades, and global liquidity, XRP could see renewed bullish momentum if it breaks $3.25 with strong volume, drawing attention from both retail and institutional investors.
While the W pattern signals potential momentum, key levels like $3.25 serve as critical technical and psychological benchmarks, with XRP currently trading at $2.35.
XRP Ledger Unlocks Native Smart Contracts for Developers on AlphaNet
In a landmark development for the XRP ecosystem, Denis Angell, a software engineer at XRPL Labs and Xahau, has announced that the XRP Ledger (XRPL) Smart Contracts feature is now live for developers on AlphaNet, a dedicated development network.
Notably, this marks the first time native Layer-1 smart contract capabilities have been introduced on the XRPL, opening a new frontier for decentralized application (dApp) development.
XRPL’s native smart contracts combine EVM-style functionality with the ledger’s ultra-fast speeds, low fees, and strong security, enabling developers to build complex contracts while harnessing XRP’s high-performance architecture.
Why is development being welcomed with open arms? Well, XRPL’s smart contracts empower developers to build decentralized apps that manage tokenized assets, automate workflows, and leverage native transactions.
As a result, this transforms XRPL from a high-speed settlement network into a fully programmable blockchain, combining the flexibility of major smart contract platforms with its unique efficiency and reliability.
AlphaNet provides a sandbox for developers to safely test and deploy XRPL smart contracts, enabling dApp experimentation, security checks, and optimization without affecting the mainnet. With Ethereum-like design patterns, developers face a gentler learning curve while benefiting from XRPL’s high throughput and low transaction costs.
Therefore, the launch of native smart contracts marks a major milestone for XRPL, unlocking DeFi, NFTs, and other blockchain innovations directly on the ledger. By blending speed, efficiency, and now full programmability, XRPL emerges as a reliable, flexible, and competitive platform for developers,
With developers testing AlphaNet, XRPL is poised for a wave of innovation. Native smart contracts unlock DeFi, decentralized marketplaces, and new blockchain applications, transforming XRPL into a versatile, developer-friendly platform for the next generation of solutions.
Conclusion
XRP’s W-pattern formation has traders eyeing $3.25 as a critical pivot. Market watchers are poised to see if this technical setup sparks sustained upward momentum or meets resistance at key levels.
On the other hand, the launch of native Layer-1 smart contracts on XRP Ledger marks a pivotal milestone, merging XRPL’s speed, scalability, and efficiency with full programmability.
With AlphaNet enabling secure experimentation, developers can now create sophisticated DeFi, NFT, and blockchain applications directly on the ledger, unlocking a new era of innovation across the XRPL ecosystem.
