The post Key Insights and Potential XRP Price Movement appeared on BitcoinEthereumNews.com.

The Ripple Swell 2024 was a massive success, bringing together some of the most respected leaders in crypto, policymakers and decision-makers to discuss XRP and crypto at large. Swell events have historically sparked price rallies for XRP, and while the crypto hasn’t shot up this week, analysts expect it to rally and hit new local highs this month. The biggest event in the XRP ecosystem concluded on Wednesday. Ripple Swell was a great success, with landmark announcements, partnerships, and alliances being struck. XRP was expected to rally on the back of the event, but the increase has been marginal, although analysts believe that it will still surge before the end of the month. Swell kicked off with a bank on Tuesday, with Ripple announcing new partners for its upcoming RLUSD stablecoin. Ripple President Monica Long revealed that its distribution partners will include Bitstamp, Uphold, Bullish, Bitso, Moonpay, and Independent Reserve. Keyrock and B2c2, some of the industry’s most respected market makers, have also signed up, Long revealed, as we reported. RLUSD will have the edge over market leaders USDT and USDC: it will be approved and on the ‘green list’ of the New York Department of Financial Services. With this added compliance, coupled with clear utility and Ripple’s wide crypto and financial network, RLUSD “is poised to become the gold standard for enterprise-grade stablecoins,” says CEO Brad Garlinghouse. Beyond RLUSD, several notable voices in crypto and finance took to the stage, from Coinbase and French banking giant Société Générale to Latin American crypto leader Mercado Bitcoin and Google. scenes from day✌️#RippleSwell🌴 pic.twitter.com/wXQOPHhzCI — Ripple (@Ripple) October 16, 2024 Compliance, convergence of AI and blockchain, tokenisation, stablecoins, crypto ETFs, crypto-related banking services and crypto utility were all discussed at length. Sheila Bair, the former FDIC chair, gave a fireside chat on…

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Filed under: News - @ October 18, 2024 12:27 am