XRP, the cryptocurrency affiliated with Ripple, is climbing again amid a bullish market. In recent days, the token reached a record level of $3.03, marking a significant event for investors.
XRP Growth in the Bull Market
Currently, more than 2,743 XRP addresses hold at least 1 million tokens, indicating investor interest and demonstrating confidence in the cryptocurrency. These wallets hold over 47.32 billion XRP, suggesting a significant increase in long-term holdings.
Legal Clarity and Its Impact
One of the key factors driving XRP's growth is the upcoming SEC vote on July 17. The potential reversal of charges against Ripple could have a positive impact on XRP’s status and bring further legal clarity. This event is seen as a turning point for investors.
Long-Term Growth Prospects for XRP
A rare double bottom pattern is forming on XRP's charts, confirming a sustainable bullish trend. Analysts suggest that if XRP clears the $3.33 resistance level, the next target will be $4.00. Trading volume is also rising, indicating the beginning of a larger bullish cycle.
XRP has reclaimed the $3 mark with strong backing from whales and technical strength. Meanwhile, there is interest in new projects, highlighting the active dynamics in the cryptocurrency market.
