Ripple (XRP) has experienced ups and downs in the last few months. To most traders, the coin’s future is not assured, as such, buyers may have shied away or just #Holding to sell the perfect moment. However, some positive developments and events such as SWELL could send Ripple’s price to new levels.
The SWELL event that is going to be held on October 1-2 could send Ripple’s price to new levels. The event will be hosted by the firm behind the XRP token with an aim to connect the world’s leading experts on policy, payments and technology for the most proactive dialogue in global payments. SWELL had enormous success last year, and will be happening the second time in which some of the most reputable institutions from the financial sector will discuss cryptocurrency adoption.
Additionally, xRapid, the liquidity solution made by Ripple Labs, has finally passed the beta tests and is now ready to be introduced to financial institutions. The project’s aim is to bridge the gap between fiat currencies, to enable payment providers and banks to process faster cross-border transactions. Also, Sagar Sarbhai, speaking to CNBC stated that the product’s launch will have a good impact on the coin’s price.
Moreover, announcement of these positive news has already had a significant impact on the XRP’s price. For instance, signs show that the coin’s price could head to the swing high near the $0.2800 mark from here and possibly complete the reversal pattern. If the price manages to break past this resistance level, it could spur a rally that’s the same high as the formation around $0.500.
These developments are expected to have some positive impact on the coin’s price and possibly push it to new levels in the next Bull Run.
Do you think these developments will have any impact on the coin’s price?
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