This week Ripple will be hosting it’s first of hopefully many fin tech conferences. The last few major conferences have been basically ripple attending these conferences. This one is ripple actually putting on the show and coming with some big names. Some of their speakers include the inventor of the World Wide Web and an ex very high ranked federal reserve official, amongst many more. The other week, Ripple CEO, Brad Garlinghouse hosted an AMA and said there should be some major announcements. Ripple just announced this week that the first institution began implementing their transactions on the ripplenet using XRP. Many of the other institutions part of the SBI group of banks in partnership with Ripple are expected to also implement by end of this year and some beginning of 2018. There will be an announcement regarding the XRP lockup by the Ripple company themselves at Swell.
The price of XRP has stayed at around 4700 Satoshis around $.25/$.26 through bitcoins insane run up. The market is beginning to hold and should see a correction in bitcoin from its ATH and see money flow back into other alts. If this were to happen during Swell, we might see the price of Ripple push into the thirty cent range and posssibly retest ATH if the market times well. The thing about XRP and major conferences, the price usually doesn’t move much as you can see from the past. Tomorrow we’ll see how the price movement reflects Swell. Like always these are just opinions and views and not financial advice.
#cryptocurrency #ripple #swell #swellbyripple #bitcoin
