Speculations about XRP are increasing before Ripple's traditional conference
Ripple token XRP made a quick start to the new week, gaining nearly 20% in value and rising to $0.73 in the upward movement that started over the weekend.
In today's transactions, XRP saw a decline to $0.68, acting with more sellers. In the case of crypto money, the fluctuating course is noteworthy before the Ripple Swell conference, which is planned to start tomorrow. While the topics on the agenda of the conference included fintech-focused topics such as stablecoins, tokenization and central bank digital currencies, market participants began to spread rumors that Ripple executives could make important statements about the Blockchain company at the conference. At the top of these rumors is the possibility of making a statement about Ripple's IPO application, which continues to be talked about on social media.
XRP skyrocketed to a 4-month high over the weekend as speculation spread rapidly on social media that Ripple had likely achieved a final victory against the SEC. Some experts warn investors against the rumor-driven rise of XRP. However, market commentators are divided on this issue. While some optimistic commentators believe that XRP maintains its upward potential, they think that the cryptocurrency has the potential to step into the $ 1 band in a short time. Those who are cautious about crypto money think that a retreat below $0.55 is possible after the last rise.
Following the latest developments over the weekend that enabled the cryptocurrency to see demand above the market average, the Ripple Swell conference to be held in Dubai has now taken over the agenda.
Ripple Swell conference planned to be held on November 8 - 9; It will bring together many experts from the economics, finance, regulatory and Blockchain environment. Ripple's announcement of its intention to go public during the conference could be an important catalyst for XRP . However, the current chart shows that investors have not yet priced in the latest rumors.
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