XRP price initiated a massive rally as the U.S. Securities and Exchange Commission (SEC) officially dismissed its lawsuit against Ripple. The announcement fueled a 14% XRP price jump within 24 hours. The XRP price rally is backed by strong technical momentum and increased buying activity, while the Ripple network’s activity has also reached record highs. These XRP price actions have caused a wave of excitement among investors. In the same session, IntelMarkets (INTL) also creates a buzz with a massive presale raise of $12 million. The INTL token is being called the best ICO of this bull run with unique features and unparalleled investors’ appeal. Experts claim that these two tokens are poised to touch the $4 mark very soon. XRP Prices Surge As Buyers Capitalize On Bullish Momentum XRP price has been on an ascending path as supported by the technical analysis. A critical technical indicator, the Directional Movement Index (DMI), indicates buyers are in control of the Ripple actions. Average Directional Index (ADX) has risen from 15.64 to 20.4. This means that the current trend is gaining strength for the XRP price. The ADX is not directional, meaning it doesn’t tell whether the trend is upward or downward. However, combined with the (Directional Movement Index) +DMI and -DMI indicators, they can indicate the market’s direction. In the XRP price case, the +DMI has spiked from 18.3 to 39, and the -DMI has fallen from 19.63 to 12.97. This indicates aggressive demand and a softening supply for Ripple tokens. If this momentum persists, the XRP price may increase further. The ADX must also be over 25 to indicate a strong trend — but this is already a good sign. Ripple Users Set New Activity Records Ripple blockchain activity is up, and active addresses reached a record 1.19 million in a week, an increase of almost five times from 237,000 on February 27. This fast pace of growth indicates a large increase in engagement and adoption of the Ripple network. This uptick in activity is indicative of interest from retail traders, institutional investors, and the market in general. This can result in lower Ripple volatility and greater XRP price movements. A rise in active addresses generally translates into a growth in transactions, which can drive price volatility. But XRP’s price action remains bullish, with a golden cross pattern—a key bullish indicator—just about to form as a short-term moving average closes in on a crossover with a long-term moving average. Should this trend continue, XRP price may retest the $2.648 resistance line and, if buying pressure increases, potentially hit $2.99. A breakout above this level could lead XRP price above $3. If the momentum wanes, Ripple will likely find it difficult to maintain its current range. The main level of support is at $2.47. If the XRP price drops below $2.90, the Ripple token may fall to $2.21 or even $1.90. IntelMarkets Draw Smart Money With AI Trading And Presale IntelMarkets has entered the crypto market with its ICO, attracting retail investors and smart money. It has gained traction, reaching 140,000 holders ahead of its Q2 launch. The project is currently in the 10th stage of its presale and has raised over $11.4 million in funding. Each INTL token is valued at $0.09 and is set to increase to $0.10 in the next presale stage. Investors can purchase the token at its current price before its official launch at $0.42, a guaranteed 400% increase for early holders.IntelMarkets’ AI-powered trading infrastructure introduces innovative features that could redefine traditional exchanges. IntelMarkets seeks to simplify trading processes with its Intelli-M Bots. The platform provides users with the ability to select their preferred altcoins for trading and establish specific goals using these automated trading bots. Additionally, the IntelMarkets platform also provides traders with high-leverage options. It provides huge leverage of up to 1000x, which may help the holders optimize their market exposure and boost their profits. This makes strategic positioning possible, enabling traders to profit from even small price changes and more effectively carry out intricate trading schemes. The INTL presale performance and advanced features are attracting smart money, pulling interest away from other altcoins, towards the AI marvel in no time! Discover more about IntelMarkets: Presale: https://intelmarkets.io/ Buy Presale: https://buy.intelmarkets.io/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclaimer: This is a sponsored press release 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.
