XRP price could soar following Ripple’s Swell event
XRP, the third largest cryptocurrency in the market by market cap, is set to see its price enter a bullish swing following Ripple’s much-awaited, flagship event to be held on October 1 and 2. Swell by Ripple will bring together influential people from a plethora of industries and will certainly attract a lot of attention.
The market cap of XRP and that of Ethereum no longer have a wide gap separating them. XRP has already unseated Ethereum in terms of total market value twice in the last month alone. Proponents of XRP will be hoping that the event will further increase the price in the next two days.
Swell will take place in Los Angeles, California and will include several eminent speakers from a host of industries, anticipated product launches, a customer celebration and several sessions on programming.
Without a doubt, the biggest highlight of the event will be the keynote speech by the 42nd President of the United States, Bill Clinton. Other significant names attending the event include IMF Deputy General Counsel Ross Leckow, Ed Metzger, head of innovation at Banco Santander, Abu Dhabi Global Market CEO Richard Teng and Ben Lawsky, former Superintendent of Financial Services for New York, among many others.
Ed Metzger and Banco Santander, Ripple’s banking partner will reveal details about its very first mobile application that is aimed at facilitating payments between countries.
Other companies associated with Ripple that will also attend the event include Banco Central Do Brasil, Celent, InstaReM, BeeTech, TransferGo, Remmitr and Bittrex Inc.
Swell will focus solely on better integrating Ripple’s process, with its customers and partners through their collective products. The whole crypto-community will gain deep insights into how these different companies, representatives of companies and regulatory bodies would like to work with the crypto-world.
The event will also help to build fervor for the launch of xRapid, the XRP-powered product that is scheduled to be released by the end of this month, as stated by a Ripple official.
Given the dynamics of the Swell event, the launch of xRapid and the bullish swing seen in recent days, Ripple’s XRP price could see further appreciation.
Furthermore, Ripple has added a new feature for RippleNet, which can facilitate multi-hop payments so that liquidity at a large scale is more effectively managed.
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