BlocScale Launchpad: Is This New XRP Ledger A Curse Or A Blessing?

XRP hit a major milestone, breaking its past 50-day Exponential Moving Average or EMA. This happened for the first time since 2024 and has filled the XRP community with hopes and optimism. This EMA breakout is one of the strongest technical moves by XRP in about a year. As a result, sparking renewed investor confidence in the coin. Therefore, sources at Globe Newswire believe that a bullish rise is ahead.  

When writing this piece, the XRP price is comfortably hovering at $2.68. Analysts are keeping a watchful eye on the current pricing as it is showing signs of breaking the $3.00 resistance level. The $3.00 resistance is important as it can fuel a major bullish momentum for XRP that can drive capital inflow since there is a major breakout zone between the $3.00 and $3.20 resistance levels. 

The boom in the token’s pricing is due to one reason: the release of XRP Ledger and BlocScale Launchpad. This is a revolutionary milestone that will supposedly change how the landscape will function in the coming years.  

What Is BlocScale Launchpad? 

BlocScale Launchpad is a one-of-a-kind launchpad for XRP ledger that could help small and specialized businesses raise capital and launch tokens. The platform will also help clients access the global token investor base. Therefore, the crypto landscape is becoming more accessible to businesses. 

As per analysts, this new launchpad will help startups to directly raise capital for their tokens using the launchpad’s IDO platforms without any help. Subsequently, since the software is built on an XRP ledger, it will reflect low prices and fast transactions like XRP. These will help businesses to access the crypto world with more ease and accessibility. 

What Could This Mean?  

An XRP-based ledger that helps businesses create their tokens sounds amazing.  However, it could affect the overall integrity of the landscape. Without proper regulatory measures, businesses can saturate the ecosystem with tokens. This can break or overload the system. Which can affect the pricing of major cryptos like BTC, ETH, etc. Therefore, investors and innovators must remember the caveats to implement the launchpad effectively. Follow for more crypto news.