XRP News Today: XRP Surges 10% to $3.65 on Institutional Interest and Regulatory Hopes

XRP, the cryptocurrency associated with Ripple, has surged beyond the $3 mark, driven by significant institutional interest and positive regulatory developments. On July 18, XRP reached an all-time high of $3.65, marking a nearly 10% daily gain. This breakout above the $3 psychological level has sparked optimism among investors, who view this as the start of a bull market. The rally is supported by institutional buyers and whale wallets, which 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.

A significant catalyst for this surge 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.

The surge in XRP has also sparked interest in other cryptocurrency projects, particularly those that combine AI and blockchain technology. The rally in XRP is not only driven by institutional interest but also by the growing push toward mass adoption and regulatory clarity. The cryptocurrency has reclaimed the $3 mark with solid backing from whales and technical strength. As traders seek new opportunities, projects like Ozak AI are gaining ground, along with other sophisticated initiatives that combine AI and crypto. With strong fundamentals and growing support, XRP and similar projects could become some of the most explosive altcoins in this cycle.