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XRP Hits New All-time Highs – Road to $15 Looks Realistic
In a shocking turn of events, the XRP price has broken out of its seven-year high, sending shockwaves throughout the cryptocurrency market. The surge in price is attributed to a multitude of factors, including the introduction of the “Genius Act” bill by U.S. President.
As the market reacts to this unexpected development, it appears that the road to $15 looks increasingly realistic. While some may be skeptical about the potential for such a massive rally, many experts believe that XRP’s current momentum is more than just a fleeting phenomenon.
According to data from CoinMarketCap, XRP has seen an astonishing 55% increase in value over the past month alone. This monumental growth can only be attributed to the growing institutional interest and volume witnessed over the past few days. The price action mirrors a similar pattern observed in previous instances of such exponential growth, further solidifying the notion that $15 could be a tangible target.
The XRP on-chain activities have also seen an unprecedented surge, with open interest spiking by 135% to contribute significantly to the price push that saw the asset break through its long-standing resistance level.
Source: usethebitcoin.com
