XRP News Today: XRP Surges 1% to $3.03 as Whales Accumulate and SEC Vote Nears

XRP has officially surpassed the $3 price mark, marking the start of a bull market. The token reached a record high of $3.03, a level last seen in March. This rally is driven by institutional buyers and whale wallets who are increasing their holdings. Currently, there are 2,743 XRP addresses holding at least 1 million tokens, collectively owning more than 47.32 billion XRP. This long-term confidence is evident from the interest shown by these whales, coupled with positive network growth.

Another significant catalyst is the impending SEC vote on July 17. The possibility of a complete reversal of the charges against Ripple could further benefit XRP. Investors view this development as a turning point, with the potential to provide regulatory clarity on the status of XRP. The technical indicators are also bullish, with the RSI of XRP accumulating around the 60 level, similar to the initial movement of its 2017 rally. Unlike the speculative run seen in 2021, the current structure appears more sustainable. Analysts predict that the next important level for XRP is the $3.33 resistance level, as the price has briefly touched $3.03 and retreated.

On the bi-weekly chart, a rare double bottom pattern is visible, with the neckline break around $2.20 to $2.50 confirming this formation. XRP also shows signs of an ascending triangle breakout, suggesting a strong long-term uptrend. Once XRP clears $3.33, analysts expect it to test $4.00. Market participants believe this is the beginning of a larger bullish cycle. However, as XRP rallies, many investors are also looking beyond to other opportunities.

As XRP soars, traders are quietly rotating capital into Ozak AI, an AI-powered project that offers more than just hype. Its predictive technology appeals to both retail and institutional investors. The native OZ token is still in presale phase 4 at $0.005, having started at $0.001 in the initial presale phase. Ozak AI has already secured more than $1.36 million and aims to 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 in Ozak AI. Analysts believe it 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, bringing substantial returns for early-stage investors. 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.