The current trade price level of the $XRP coin is already in bull run momentum, and experts say more pumps are coming in the short term.

$XRP is a popular Proof-of-Stake (PoS) cryptocurrency, mainly known for its highly scalable network. Ripple Labs is the backend developer firm behind this cryptocurrency. The San Francisco-headquartered blockchain firm Ripple uses this cryptocurrency for cross-border payment services.

The current trade price of the XRP coin is $0.58, and this price is 9% higher over the last 7-day period. Over the last 24 hours, this price level has increased by 2.7%.

$Xrp current price $0.586 pic.twitter.com/TLcrnQHPK0

— Bitcoinik (@Bitcoinikdotcom) September 17, 2024

The latest analysis by some experts noted that more pumps in the short term are also coming for this cryptocurrency.  

Cryptoinsightuk shared his analysis and predicted a 14% surge to $0.66 in the short term, claiming liquidity has been “building up.”

I would guess $XRP heads to $0.66 soon.It seems liquidity is building up there.Shorts jumped in the market yesterday with force, will price move up and wreck them? pic.twitter.com/3JZe2apaS3

— Cryptoinsightuk (@Cryptoinsightuk) September 17, 2024

Mikybull Crypto also shared his prediction and said that XRP’s price pattern has formed a specific triangular shape, which might be followed by an exponential rise soon.

$XRP It's one of the most bullish macro charts out there. pic.twitter.com/GESfgDsF6v

— Mikybull 🐂Crypto (@MikybullCrypto) September 17, 2024

A similar kind of analysis and prediction was shared by another crypto analyst, Credible Crypto. He outlined that a near “7-year compression will be coming to an end soon.” He said that “the mother of all bull flags” is forming, forecasting a “legendary” rally.

And on the higher timeframes?This near 7-year compression will be coming to an end soon. The mother of all bull flags. Literally nothing else like it in this space, partly because most of the coins here haven't even existed for 7 years lol.When the old guard wakes up it's… https://t.co/MbXDxpJ0tE pic.twitter.com/0OrfqFoOt3

— CrediBULL Crypto (@CredibleCrypto) September 17, 2024

Grayscale, Robinhood, & XRP

Just a few days ago, top digital asset fund manager Grayscale Investment announced a new trust to allow institutional investors to invest in XRP cryptocurrency.  

This new crypto trust is helping inject a very high amount of capital into the XRP coin market.

https://t.co/ECnfwf0EaD$XRP Soars as #Grayscale Unveils New #XRP Trust Fund, Sparking Massive Price Surge

— Bitcoinik (@Bitcoinikdotcom) September 12, 2024

According to reports, American stock-crypto trading platform Robinhood is also planning to list XRP cryptocurrency, as this cryptocurrency is not considered a security token, as the court judge ruled in the XRP lawsuit. However, Robinhood listing XRP coin information should be considered part of a rumor, as Robinhood has not made any official announcement.

💥 JUST IN: Robinhood just listed #XRP today!Big things are coming 👀🔥 pic.twitter.com/Xt3k1NPnNY

— Amonyx (@amonbuy) September 14, 2024

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