📈📈📈Over the past week, the cryptocurrency XRP has increased by more than 9%. This has allowed analysts and experts from CryptoBull to forecast further rallies for the altcoin to $15 by the end of the month.🤔🤔🤔
Currently, interest in XRP from institutional investors has resumed against the backdrop of the anticipated decision in the case of the U.S. Securities and Exchange Commission against Ripple.
The spot and perpetual markets on Binance are also supporting bullish momentum and generating a large portion of XRP trading volume. Data on the blockchain shows that 90% of the market activity on the cryptocurrency exchange consists of buy orders, which often leads to further price increases.
Other positive factors that could influence the rapid rally of XRP:
🚀Growing Ripple ecosystem
🚀Launch of the RLUSD stablecoin
🚀Update of XRPL smart contracts.
Technical indicators are also favorable for the altcoin. If it overcomes key resistance levels in the near future, the token's price could surpass the $15 mark, making it the leading crypto asset of this year.