Critical Period for XRP
The Swell event, held annually in Ripple, is coming up. According to the leading names in cryptocurrency fame, this could be an opportunity for investors.
The Swell event, which Ripple regularly conducts every year, hosts important persons from the fields of finance, technology and Politics. Former US President Bill Clinton gave the keynote address at last year’s event.
Another factor that makes the Swell event important is that Ripple gives some tips about the future roadmap. The event, which will be held on November 7-8 in Singapore, may cause sudden movements in the XRP price.
The opportunity of the year for some investors
This event organized by Ripple has played a major role in the price increase in recent years. The Ripple price, which was $ 0.27 before the event last year, rose to $ 0.60 at the time of the Swell event.
In 2017, the situation was almost the same. The XRP, which was around $ 0.17 in late September 2017, rose to $ 0.26 at the time of the Swell event.
Cryptocurrency investors think that this year’s event, which will be held on November 7-8, will have a similar effect to the previous years. So much so that a crypto-currency analyst proposes to take a long position from the XRP before the event, and a short position after the event.
Investment information, comments and recommendations contained herein are not included in the scope of investment advisory. Therefore, making an investment decision based solely on the information and comments contained herein may not produce results that are in line with your expectations.