Categories: Altcoin News

Ripple Ready to make a Huge Impact with Highly-Anticipated Swell Event

Ripple’s Swell event that has a number of big names up for attendance is all set to connect its customers on October 1 and 2. With already a big game going on, it is to be seen how this event affects the XRP price, market and crypto space in general.

Swell got a big game with big names

At the beginning of next month, Ripple is bringing its customers closer through its highly anticipated Swell event. This has the community excited and looking forward to another jump in XRP price.

The biggest highlight without any doubt of this event is the 42nd President of the United States, Bill Clinton who is one of the speakers.

From the regulatory sphere, Ross Leckow, the Deputy General Counsel at IMF will be one of the most prominent names. He will be joined by Ben Lawsky, the former Superintendent of Financial Services for New York, Richard Teng, CEO, Abu Dhabi Global Market, Michael S. Didiuk

Partner, Perkins Coie and Archari Suppiroj, the Director of FinTech Department at Securities and Exchange Commission, Thailand.

Ripple’s partner and customer Santander will also be sharing what it took to launch the first mobile application for international payments by blockchain technology for millions of customers. A number of other customers of Ripple such as Remitr, TrasferGo, Siam Commercial bank among others will be sharing their insights.

The focus of the event is on Ripple customers, their experiences and how they are moving forward with its products.

With so many notable names from the regulatory space, financial institutions, President Bill Clinton, and a number of other big names, this event holds significance not only for Ripple & XRP but for the entire crypto market.

Also, read: Analyzing XRP Bulls: 50,000 TPS Confirmed while Japan High on XRP

The price effect, rooting for 2nd position

At the time of writing, the world’s third-largest cryptocurrency XRP has been trading at $0.5307. Today’s highest price range for XRP has been $0.5410.

XRP 1-day price, Source: TradingView

With a market cap of $21.2 billion, about a billion behind Ethereum’s market cap which is at $22.2, it is a possibility XRP just might make a hat-trick by taking over the 2nd position from Ethereum. However, the daily trade volume managed by XRP has dropped to $675 million.

XRP and crypto enthusiasts are extremely excited and hopeful of this event. Some are even expecting the launch of xRapid as a Ripple official has already confirmed earlier this month that Ripple product is coming in the next month or so.

The Swell event in itself is talking a big game for XRP but combined with xRapid, it certainly can take its price skywards.

Anjali Tyagi

Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.


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