- XRP could hit $15 by the end of the month, mirroring its 2017 rally.
- Binance markets are driving XRP’s bullish momentum with 90% buy orders.
- Key resistance lies at $2.44; breaking it could trigger further gains.
XRP’s recent surge has analysts predicting a $15 price by month-end. Market data shows XRP may be repeating the pattern seen during its explosive growth in March 2017.
Read also : SEC Lawsuit Sparks John Deaton’s Crusade for XRP Justice
In addition, the altcoin’s order flow and strong buying activity on Binance’s spot and perpetual markets highlight bullish sentiment. This signals the potential for a major breakout.
Technical indicators and market conditions favor XRP. Market experts see similarities between XRP’s current pattern and the 2017 rally. A synchronized surge across the broader market could drive XRP to the $15 milestone.
Back then, the Ripple-affiliated token saw massive growth, fueled by widespread interest and strategic market moves. Now, with renewed institutional interest and an expected resolution in the SEC case, XRP could experience another significant price jump.
Ripple’s Expanding Ecosystem Fuels Optimism
Other positive factors include Ripple’s growing ecosystem, the launch of its stablecoin RLUSD, and upgrades to XRPL smart contracts. These developments could increase XRP adoption for both retail and enterprise uses.
Notably, Binance spot and perpetual markets generate a large portion of XRP’s trading volume. On-chain data indicates that 90% of Binance’s market activity consists of buy orders, a trend often linked to further price increases. The main challenge is to keep this momentum above the $2.44 resistance level.
However, this ambitious target comes with challenges. Maintaining order flow and breaking through key resistance levels will be crucial in the coming weeks. Also, broader market trends and macroeconomic factors could affect XRP’s price.
As XRP continues to climb, the market is watching to see if the token can surpass $15. Reaching this milestone could establish XRP as a leading cryptocurrency in 2025.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
