XRP has officially broken past the $3 price mark as the bull market starts. The token has hit a record high of $3.03. This price level was last seen earlier in March. The rally is driven by institutional buyers and whale wallets who are increasing their holdings.
At the moment, there are 2,743 XRP addresses that have at least 1 million tokens. These wallets currently hold more than 47.32 billion XRP. The long-term confidence can be proved by the interest of the whales. Meanwhile, there has been positive network growth.
Legal Clarity Drives Renewed Confidence
Another key catalyst is the impending SEC vote on July 17. The possibility of a complete reversal of the charges against Ripple would further benefit XRP. According to investors, this development marks a turning point. The decision has the potential to provide regulatory clarity on the status of XRP.
The technical indicators are also bullish. The RSI of XRP is accumulating around the 60 level, which resembles the initial movement of its 2017 rally. In contrast to the speculative run seen in 2021, the current structure is more sustainable. The next important level for XRP, according to analysts, is the $3.33 resistance level as the price has briefly touched the $3.03 and came back.
XRP Charts Point to Long-Term Breakout
A rare double bottom pattern is visible on the bi-weekly chart and the neckline break around $2.20 to $2.50 confirms this formation. XRP also shows signs of an ascending triangle breakout, which suggests a strong long-term uptrend for XRP, combined with a double bottom pattern.
Once XRP clears $3.33, analysts expect it to test $4.00. Volume is rising along with price. Market participants believe this is the beginning of a larger bullish cycle. Yet, while XRP rallies, many investors are also looking beyond.
Ozak AI Quietly Becomes the Next Big Target
As XRP soars, traders are quietly rotating capital into Ozak AI, which is an AI-powered project that offers more than hype. Its predictive technology appeals to both retail and institutional investors. The native OZ token is still in presale phase 4 at only $0.005, which started with $0.001 at the initial presale phase.
Ozak AI has already secured more than 1.36 million and the project will provide sophisticated analytics, AI dashboards, and financial prediction capabilities. Investors are rushing to buy early during the presale before the official launch. Additionally, the ongoing $1M giveaway is further increasing investor participation by offering a chance to win rewards.
There is also increased market confidence. Analysts believe Ozak AI has the potential to resemble the early development of XRP. The price target of the OZ token is still at $1, with prospects of 200x the current price gains, which brings substantial returns for early stage investors.
Conclusion
XRP has reclaimed $3 with solid backing from whales and technical strength. However, as traders seek new opportunities, Ozak AI is gaining ground, along with other sophisticated projects that combine AI and crypto. With strong fundamentals and growing support, it could become one of the most explosive altcoins in this cycle.
For more information about Ozak AI, visit the links below:
Website:
Twitter/X:
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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
