Over the past week kriptovalyuta XRP grew 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, CryptoBull experts wrote on social networks. Then token showed significant growth, which was facilitated by widespread interest in the asset. Currently, interest in XRP from institutional investors resumed amid expectations of a decision in the U.S. Securities and Exchange Commission v. Ripple . This could lead to a significant jump in the altcoin.
Price chart XRP
Spot and perpetual markets Binance also support the bullish momentum and generate the majority of trading volume XRP Blockchain data shows that 90% of crypto exchange market activity consists of buy orders, which often leads to further price increases.
Other positive factors that could influence the rapid rally XRP , is a growing ecosystem Ripple , launch of the RLUSD stablecoin and update of XRPL smart contracts.
Technical indicators are also in favor of the altcoin. If XRPL breaks key resistance levels in the near future, the token price could exceed the $15 mark, which will make token the leading crypto asset of this year.
