Ripple (XRP) has only a little time left until SWELL ends; will price volatility occur in the future? — October 3 Chart Analysis
Ripple’s international conference “SWELL” hosted by Ripple is being held again this year following 2017. This year it is taking place in Japan time on October 2 and today, October 3. After today, October 3, which became a major event day for the virtual currency Ripple (XRP), how will Ripple move in price? We will check the chart.
Ripple’s international conference “SWELL 2018” opens
SWELL is an international conference hosted by Ripple where various information such as new information about Ripple and future policies is announced. Last year, 2017, SWELL was held in the same way, and price movements around SWELL’s timing have been observed in charts. Ripple is also expected to show chart volatility this year as a result of SWELL.
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After last year’s 2017 SWELL, the cryptocurrency Ripple (XRP) has fallen sharply
Let’s look at XRP’s historical chart. SWELL in 2017 was held from October 16 to 18 over three days. Looking at last October’s chart, just before SWELL, there were temporary gains, but after SWELL ended, there was a significant decline. For XRP, which had been in a downtrend in the first place, the large event SWELL likely attracted buy anticipation, which ended and returned to a downtrend.
If history repeats itself again, XRP may see a reduction in the current buying pressure as SWELL ends.
