The XRP coin has seen a stunning turn of events, continuing its incredible upward trajectory for a third week in a row of significant gains. The well-known cryptocurrency has increased by an incredible 31% since mid-October, demonstrating tenacity in the face of the inherent volatility of the crypto market.
With its current excellent price of $0.6424, XRP has reached levels not seen since early August.
This increase is by no means a unique occurrence, though. The Ripple Swell conference, which is set to take place in Dubai on November 8–9, has the community excited. Even though XRP and Ripple are not publicly aligned, the market recognises that the conference has a significant influence on XRP’s price fluctuations.
Will XRP price swell too?
Historically, the Ripple Swell conference has signalled important disclosures, audacious schemes, and the introduction of groundbreaking innovations. It looks like this year won’t be any different, which increases the likelihood that XRP’s price chart will shortly display another green candlestick.
All coins, however, have two sides. This possible spike presents a seductive chance for investors who joined the XRP market in mid-October to lock in profits. Some could decide to sell their holdings, exchanging their tokens for real money and putting the cash in the hands of newcomers.
The XRP market is clearly in for another exciting week as the Ripple Swell conference approaches. What will be the next significant development in the price of XRP is the main question on everyone’s mind.
