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%.
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.”
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.
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.
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.
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.
Read also: Shiba Inu leader says “Elon Musk can’t pump Dogecoin”: an ugly truth about Dogecoin?
$XRP Soars 10% in a Week, Poised for a New 14% Surge in the Coming Days
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Benson Toti
Benson Toti
Benson Toti