Singapore
Raise It With Press Release
TechnologyCommerce / LifestyleFood / BeverageEducationReal Estate / Architecture
Get Guaranteed Publications in minimum 40 Media Outlets for Just S$50
Try it >>
press release

/ Ripple Swell 2024 Begins, Give Positive Impact on XRP Price?

Ripple Swell 2024 Begins, Give Positive Impact on XRP Price?

Bitrue
Ripple Swell 2024 has begun. This annual event will discuss various things about crypto, blockchain, and existing crypto regulations. How will Ripple Swell affect the price of XRP?
preview

Ripple Swell 2024 has started on October 15. For two days, Ripple will hold a conference to discuss crypto, blockchain, and investment regulations.

Then, how will the Ripple Swell 2024 affect XRP price? Will it provide a positive trigger so that the price of the token rises? Check out the detailed explanation below.

Ripple Swell 2024's Highlights

Ripple Swell 2024 is Ripple's annual event. This year was the eighth year of the Ripple Swell event which was held in Miami on October 15-16 2024. There were more than 600 participants from more than 40 countries attending.

At Ripple's annual conference this year, several great speakers will appear, from Andrienne Harris who is Head of Financial Services in New York to Tim McCourt as senior managing director of Chicago-based CME Group.

Ripple Swell 2024 opened with a chat about regulations and the crypto landscape in America. In this session, discussions about court cases that are often carried out by the SEC are of course also carried out. Discussions about stablecoins have not gone unnoticed, especially since Ripple also has plans to issue its stablecoin.

For the second day, discussions will revolve around leadership influencing the crypto market. The leadership in question is of course the arrangement of a state leader who also discusses the current general elections in America.

America as a country that is often a center for investment, including crypto, its leadership is certainly in the spotlight. Because, of this leader, new regulations will be created which could later have a positive or negative impact on the crypto market.

Effect of Ripple Swell on XRP Price

XRP token holders are eagerly awaiting this Ripple Swell event. Because, at this event, Ripple will also make announcements that often have a good impact on XRP token holders. So, don't be surprised if the price of XRP can increase when this event takes place.

However, unfortunately, when this article was written on the first day of Ripple Swell 2024, the price of XRP decreased by -0.08%. Currently, XRP is trading at $0.5406.

Source: Bitrue Market
Source: Bitrue Market

Even though it has experienced a decline, the RSI value of XRP is still above 50, which means the buying trend is still slightly more dominant than the selling trend. The MACD line for this token is still above the existing limit line. 

It is believed that the percentage decrease in the price of XRP that is less than 1% will not last long and could cause the price to bounce up.

When Will the RLUSD Stablecoin Launch?

Ripple Swell 2024 is also an event where the Ripple community collects the latest information regarding the launch of the RLUSD stablecoin. RLUSD is predicted to be a strong stablecoin because it focuses on regulations under the New York Trust Company Charter with its very strict supervision.

RLUSD has been testing on the XRP ledger and Ethereum mainnet since August 9.

Ripple claims that there will be a third-party audit of cash assets in every monthly report published so that there will be strong transparency and accountability.

Until the time this article was written, Ripple had not made an official announcement when RLUSD would be launched.

Conclusion

In general, the opening of the Ripple Swell 2024 event has not had a significant influence on the price of XRP the price has decreased. However, optimism for an increase in XRP prices remains, especially since October always provides a positive signal for the crypto market.

For those of you who are currently doing research before buying XRP, you can make maximum use of Bitrue's features. You can check XRP price in real-time, knowing the price conversion XRP to USD easily, to follow the development of information on the Ripple project as a whole from time to time on the Bitrue blog.

About Bitrue
Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
Contact
Fransiskus Email: fransiskus@bitrue.com

Categories
Cryptocurrency

Other Press Release
Cryptocurrency
XRP News Today! XRP-Spot ETF Developments, Can XRP Price Break Through $5?
Bitrue
Feb 20, 2025

Cryptocurrency
Crypto News Today! DOGEN's Meteoric Rise and the Shifting Landscape of Meme Coins
Bitrue
Feb 19, 2025

Cryptocurrency
Pi Network's Open Mainnet Launch: A New Era for Mobile Cryptocurrency?
Bitrue
Feb 19, 2025

Cryptocurrency
Crypto News Today: Market Faces Broad Decline Amid Market Correction and Regulatory Uncertainty
Bitrue
Feb 18, 2025

Cryptocurrency
Solana Market Analysis & SOL Deposit Contest, Get a Chance to Win 1,300 SOL
Bitrue
Feb 17, 2025

Cryptocurrency
XRP Price Prediction February 2025: Can It Reach $100?
Bitrue
Feb 17, 2025

Cryptocurrency
Trump’s New Tariff Strategy and Its Impact to Crypto Market: Latest Update!
Bitrue
Feb 15, 2025

Cryptocurrency
Pi Network Price Prediction 2025-2030, A Comprehensive Outlook!
Bitrue
Feb 14, 2025

Cryptocurrency
Everything You Need to Know about Pi Network Open Network Mainnet Launch Date!
Bitrue
Feb 14, 2025

Cryptocurrency
XRP's Price Long-Term Potential: Can It Reach $1,000?
Bitrue
Feb 12, 2025

Mobile games
Hamster Kombat Announces Season 2: GameDev Heroes, A New Way to Play!
Bitrue
Feb 11, 2025

Cryptocurrency
XRP Price Trends Today and Regulatory Uncertainty: A Comprehensive Analysis
Bitrue
Feb 10, 2025

Cryptocurrency
Bitcoin and Nasdaq QQQ: A Historical Parallel and Future Implications
Bitrue
Feb 10, 2025

Cryptocurrency
Ethereum and Gas Limit Increase: Can ETH Break $3000?
Bitrue
Feb 07, 2025

Cryptocurrency
Solana (SOL) Price Analysis, A Comparative Market Analysis
Bitrue
Feb 07, 2025

Cryptocurrency
XRP Price Continues to Decline, Will It Drop Below $2?
Bitrue
Feb 06, 2025

Cryptocurrency
Will BTC Price Drop Below $50? Bitcoin Faces Market Turbulence: An Analysis
Bitrue
Feb 06, 2025

Cryptocurrency
DeepSeek's Rivals Emerge, Alibaba Unveils Qwen 2.5-Max: A New Contender in the AI Race
Bitrue
Jan 31, 2025

Cryptocurrency
XRP News Today: The SEC's Closed Meeting and Its Impact on Ripple?
Bitrue
Jan 30, 2025

Cryptocurrency
XRP Market Rebound and Future Outlook: Could It 10X by 2025?
Bitrue
Jan 29, 2025

Cryptocurrency
Bitcoin Price Prediction February 2025, Is it True that BTC Can Reach $122,000?
Bitrue
Jan 29, 2025

Cryptocurrency
DeepSeek’s $5M AI Revolution: The Chinese Chatbot That Outpaced ChatGPT and Shook Global Markets
Bitrue
Jan 28, 2025

Cryptocurrency
XRP News Today: Market Prediction, Can XRP Hit $10? Here is the Detail Analysis
Bitrue
Jan 28, 2025

Cryptocurrency
Crypto Market in Flux Ahead of Budget 2025: A Comprehensive Overview
Bitrue
Jan 28, 2025

Cryptocurrency
OFFICIAL TRUMP ($TRUMP) Price Prediction 2025-2030, Can It Reach $100? Here's the Analysis
Bitrue
Jan 26, 2025

Cryptocurrency
What is $TRUMP? Everything You Need to Know About This Viral Token
Bitrue
Jan 23, 2025

Politics / Government / Local government
What Happened to the Crypto Market After Trump Became President? Here's the Analysis about Trump Bump
Bitrue
Jan 20, 2025

Politics / Government / Local government
Crypto Queen Appears at Donald Trump's Inauguration, Is $MELANIA a Rival to $TRUMP?
Bitrue
Jan 20, 2025

Cryptocurrency
How Much is DuckChain Token? Check Out $DUCK Price Prediction 2025-2030
Bitrue
Jan 17, 2025

Cryptocurrency
Get to Know About DuckChain: Roadmap 2025, Tokenomics, Event, Rewards,& Airdrop
Bitrue
Jan 16, 2025

Cryptocurrency
What's Up with Crypto Today? From XRP News to BTC Price Increase
Bitrue
Jan 15, 2025

Cryptocurrency
Mastering the Art of Reading Bitcoin Graphs and Identifying Market Trends
Bitrue
Jan 14, 2025

Cryptocurrency
DuckChain is Available in Pre-Market, Here's Everything You Need to Know
Bitrue
Jan 14, 2025

Cryptocurrency
Historical Cost, Market Dynamics, & XRP Price Prediction 2025: $100 Is It Possible?
Bitrue
Jan 13, 2025

Cryptocurrency
Top 10 Meme Coins Poised for Explosive Growth in 2025
Bitrue
Jan 13, 2025

Cryptocurrency
The Intersection of AI and Cryptocurrency: A New Era Unfolds in Crypto Market
Bitrue
Jan 10, 2025

Cryptocurrency
Everything About Ethereum Today: The Future, Vitalik Buterin’s Vision, Pectra Upgrade, and the Road to $12,000
Bitrue
Jan 09, 2025

Cryptocurrency
The Fed Rate Jitters Throw Crypto Market Into The Red Zone? A Comprehensive Analysis
Bitrue
Jan 08, 2025

Cryptocurrency
XRP Price Analysis and Forecast: Bullish Patterns and Potential Risks in 2025
Bitrue
Jan 08, 2025

Cryptocurrency
Bitcoin Crosses $100,000 and Remains Strong, How About The Big Altcoins?
Bitrue
Jan 07, 2025

Cryptocurrency
XRP and Dogecoin Price Analysis: A Bullish Outlook for 2025
Bitrue
Jan 07, 2025

Cryptocurrency
XRP 2025 Price Prediction, An In-Depth Analysis of Its Potential
Bitrue
Jan 06, 2025

Cryptocurrency
How Strong Will Bitcoin Be in 2025? A Comprehensive Analysis of BTC's Journey in 2024
Bitrue
Jan 06, 2025

Cryptocurrency
Bitcoin Price Analysis: An Outlook on BTC’s Recent Rally and Market Trends in 2025
Bitrue
Jan 03, 2025

Cryptocurrency
How Will BTC Price Be in New Year 2025? Check Out the Comprehensive Analysis
Bitrue
Dec 31, 2024

Cryptocurrency
Why is the XRP Price Going Down Today? Price Analysis and Future Outlook Amid Market Turbulence
Bitrue
Dec 30, 2024

Cryptocurrency
XRP’s Performance in 2024 and XRP Price Prediction in 2025: Will It Reach New ATH?
Bitrue
Dec 29, 2024

Cryptocurrency
Bitcoin Price Hovers Below $95,000, BTC Price Correction Now Could Bring It Above $110,000?
Bitrue
Dec 28, 2024

Cryptocurrency
5 Potential Meme Coins with Promising Profits in 2025, There’s PEPE & DOGE!
Bitrue
Dec 26, 2024

Cryptocurrency
7 Things Ethereum Prediction for 2025: Market Analysis & Key Trends
Bitrue
Dec 26, 2024

Bitrue
URL
https://www.bitrue.com/
Industry
Service
Weekly Release Ranking
Feb 17, 2025 2025
XRP Price Prediction February 2025: Can It Reach $100?
Bitrue
VRITIMES Video
vritimes na euvritimes jpFree consultationManual EbookPR College