Over the past week, the XRP cryptocurrency has grown by more than 9%. This allowed analysts to predict a further rally of the altcoin to $15 by the end of the month. XRP may repeat its bullish scenario recorded in March 2017, experts from CrуptoBull wrote on social networks. Then the token showed significant growth, which was facilitated by wide interest in the asset. Currently, institutional investors are seeing renewed interest in XRP amid expectations of a ruling in the US Securities and Exchange Commission's case against Ripple. This could lead to a significant jump in the altcoin.
Binance’s spot and perpetual markets are also maintaining bullish momentum and generating the majority of XRP trading volume. Blockchain data shows that 90% of the exchange’s market activity consists of buy orders, which often leads to further price increases. Other positive factors that could influence XRP’s rapid rally include the growing Ripple ecosystem, the launch of the RLUSD stablecoin, and the XRPL smart contract upgrade. Technical indicators are also in favor of the altcoin. If XRPL breaks through key resistance levels in the near future, the token price could exceed $15, making it the leading crypto asset of the year.#Xrp🔥🔥 $XRP
