With some significant announcements being made during the recent ‘Ripple Swell and 2022’ conference, the firm’s native token XRP gains value.
Past 14-days have been rather eventful for the crypto market in general. The Premier cryptocurrency Bitcoin, after hitting a multi-week high of $21.4k on November 5th, crashed down to yearly low of $15.8k on November 14th.
In the meantime, however, XRP has able to perform satisfactorily. Contrary to Bitcoin, that has gained value by 2.6% in the week ao far, XRP has gone up by 12.5%. As it stands at the time of writing, XRP is trading at $0.38, up 3.1% over the week. This makes Bitcoin the top gainer among top 10.
Apart from some technical factors that are going in XRP’s favour at the moment, the recent ‘Ripple Swell 2022’ conference and proceedings of the SEC lawsuit are proving beneficial to coin the most.
The ‘Ripple Swell 2022’ conference was held on November 16th and 17th at ‘Magazine London’. The conference was attended by the Ripple CEO Brad Garlinghouse and other major market participants, representing not only the crypto market but traditional financial market as well.
Among pthers, the list of attendees include Jorn Lambert, Chief Digital Officer at payment behemoth Mastercard, Eowyn Chen, Chief Executive Officer at Trust Wallet, Emma Joyce, CEO at GBBC Digital Finance, Alex Manson of SC Ventures, Derrick Walton, Head of GTS Emerging Payments and Innovation at Bank of America.
In the conference many major announcements were made that surely drive XRP’s price upwards. Some of the most significant announcements were made related to the advances on RippleNet and firm’s chief product, ODL: On Demand Liquidity platform.