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Ripple XRP

XRP News: Why Is November 8-9 Important To Ripple?

Best Owie
by Best Owie
1 year ago
·
Posted in Ripple, XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Like many other crypto companies, Ripple has important dates and events that carry the possibility of triggering a bullish momentum for the XRP token. This is why some dates are more important than others and the most recent of these to emerge is the November 8-9 dates.

What Is Ripple Doing On November 8-9?

In the early hours of Thursday, XRP Captain, a prominent member of the XRP community with over 57,000 followers on X (formerly Twitter) posted a screenshot that caught the attention of community members. The image showed the Ripple Swell event which was scheduled to take place on November 8 and 9.

Related Reading: Ethereum Supply On Exchanges Fall To 2015 Levels, 3 Price Targets For Bulls

XRP Captain also captioned the image in a way that suggested that this is an important date for the community, saying: “Save The Date #XRP Could Make History On This Date.” So it looks like the analyst is expecting the XRP price to surge on account of the event.

Save The Date #XRP Could Make History On This Date.💥🚀👀 pic.twitter.com/TvQVR4pXwF

— XRP CAPTAIN (@UniverseTwenty) October 26, 2023

Taking a deep dive into the Ripple Swell event, it happens to be a two-day event held by Ripple every year. The conference helps to bring together customers, partners, and prospects and is a strictly by-invitation event – meaning only those invited by the company can attend.

The event which was held virtually for the years 2020, 2021, and 2022 is now back to being an in-person conference and is being held in Dubai. Over 40 countries are expected to be represented at this conference with more than 80 speakers and over 600 attendees.

XRP price chart from Tradingview.com (Ripple IPO)

Token price sitting at $0.55 | Source: XRPUSD on Tradingview.com

A multitude of topics are expected to be covered at this event such as the future of crypto, regulation, payments, compliance, and Central Bank Digital Currencies (CBDCs), among others. “Ripple Swell will cover a sweeping range of topics from Ripple customers, team members, and industry thought leaders to reveal how financial institutions and businesses alike are leveraging crypto and blockchain technology,” the website reads.

Will This Affect The XRP Price?

So far, there have been no indicators as to whether this will actually have any impact whatsoever on the XRP price. Ripple Swell does not look like a highly publicized conference, so the event itself being held may not have a direct effect on the price.

Related Reading: Crypto Analyst Who Predicted XRP Price Breakout Reveals What’s Next

However, if Ripple were to make a significant announcement at this event, such as an impending IPO or something similar, then there could be an impact on the XRP price. Still, there is no indication that anything other than industry discussions is what is happening at this event.

Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from Coingape, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Best Owie is a Managing Editor at Bitcoinist with extensive experience and a proficient expert known for crafting captivating and insightful content. Best boasts over six years in the crypto sector, and has supervised the conception and publication of thousands of articles. Best is also a content and marketing strategist with the ability to make sure your content reaches the right audience and beyond. In every aspect, Best stands out as a consummate professional, always striving for unparalleled excellence both within and outside the workplace.

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