Ripple Swell 2024 Begins, Give Positive Impact on XRP Price?

Ripple Swell 2024 has begun. This annual event will discuss various things about crypto, blockchain, and existing crypto regulations. How will Ripple Swell affect the price of XRP?

Ripple Swell 2024 has started on October 15. For two days, Ripple will hold a conference to discuss crypto, blockchain, and investment regulations.

Then, how will the Ripple Swell 2024 affect XRP price? Will it provide a positive trigger so that the price of the token rises? Check out the detailed explanation below.

Ripple Swell 2024's Highlights

Ripple Swell 2024 is Ripple's annual event. This year was the eighth year of the Ripple Swell event which was held in Miami on October 15-16 2024. There were more than 600 participants from more than 40 countries attending.

At Ripple's annual conference this year, several great speakers will appear, from Andrienne Harris who is Head of Financial Services in New York to Tim McCourt as senior managing director of Chicago-based CME Group.

Ripple Swell 2024 opened with a chat about regulations and the crypto landscape in America. In this session, discussions about court cases that are often carried out by the SEC are of course also carried out. Discussions about stablecoins have not gone unnoticed, especially since Ripple also has plans to issue its stablecoin.

For the second day, discussions will revolve around leadership influencing the crypto market. The leadership in question is of course the arrangement of a state leader who also discusses the current general elections in America.

America as a country that is often a center for investment, including crypto, its leadership is certainly in the spotlight. Because, of this leader, new regulations will be created which could later have a positive or negative impact on the crypto market.

Effect of Ripple Swell on XRP Price

XRP token holders are eagerly awaiting this Ripple Swell event. Because, at this event, Ripple will also make announcements that often have a good impact on XRP token holders. So, don't be surprised if the price of XRP can increase when this event takes place.

However, unfortunately, when this article was written on the first day of Ripple Swell 2024, the price of XRP decreased by -0.08%. Currently, XRP is trading at $0.5406.

Even though it has experienced a decline, the RSI value of XRP is still above 50, which means the buying trend is still slightly more dominant than the selling trend. The MACD line for this token is still above the existing limit line. 

It is believed that the percentage decrease in the price of XRP that is less than 1% will not last long and could cause the price to bounce up.

When Will the RLUSD Stablecoin Launch?

Ripple Swell 2024 is also an event where the Ripple community collects the latest information regarding the launch of the RLUSD stablecoin. RLUSD is predicted to be a strong stablecoin because it focuses on regulations under the New York Trust Company Charter with its very strict supervision.

RLUSD has been testing on the XRP ledger and Ethereum mainnet since August 9.

Ripple claims that there will be a third-party audit of cash assets in every monthly report published so that there will be strong transparency and accountability.

Until the time this article was written, Ripple had not made an official announcement when RLUSD would be launched.

Conclusion

In general, the opening of the Ripple Swell 2024 event has not had a significant influence on the price of XRP the price has decreased. However, optimism for an increase in XRP prices remains, especially since October always provides a positive signal for the crypto market.

For those of you who are currently doing research before buying XRP, you can make maximum use of Bitrue's features. You can check XRP price in real-time, knowing the price conversion XRP to USD easily, to follow the development of information on the Ripple project as a whole from time to time on the Bitrue blog.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Bookshelf PH launches online magazine Blankscape, a curated gallery for writers and artists

  

At an event held in SM Aura Book Nook, Bookshelf PH launched Blankscape an online digital magazine that gives writers and artists a platform to share their work with the world.

In the endless concrete jungles of Metro Manila, feeling overwhelmed and lost is easy. From towering buildings to the multitudes who live and work here, the individual has little room to really express themselves.

Even on social media, these spaces are becoming increasingly crowded. Algorithms and the focus on popular and trending content frequently drown out the voices of original content and small artists. More than ever, there is a pressing need for a place where these Filipino creators can have their works given the proper attention they deserve.

Fortunately, a new initiative aims to change all of this.

New worlds calling

At the latest “Write Side of Bookshelf” session at the SM Aura Book Nook, publisher Bookshelf PH officially unveiled their new digital magazine Blankscape. The magazine aims to be a safe place where creators can have their works presented and even polished to be the very best they can be.

The magazine is divided into different sections for paintings (Strokes), poetry (Stanzas), prose (Sentences), and photography (Shots), catering to all forms of creative and artistic expression possible.

The name Blankscape, a play on the words “blank space” and “landscape”, represents something more profound. It represents an empty canvas, a world waiting to be given life and color. Through this initiative, the publisher hopes to foster creativity and artistic expression by providing creatives a safe space to develop their craft, one page at a time.

The joys of creation

To celebrate the launch of the new platform, attendees participated in a very special activity.  Using provided pencils and paper, they were given ten minutes to express themselves and create works based on the theme, “Escape”. This theme perfectly represents the type of creative expression that Blankscape wishes to cultivate–that anyone can find safety from the constant restraints and overbearing noise of the outside world and the mainstream and be free to develop their ideas.

After the ten minutes were up, several of the participants showcased their works. One of them, for instance, interpreted the theme in the drawing of a child lost in the pages of a book, his imagination taking him to new places and faces never before seen.

Behind the dream

“I can’t draw to save my life,” Monette, one of the co-founders of Bookshelf, jokingly said to the audience. “But even though I can’t draw, I still want to help others who can. Among us, many can write and draw.” Bookshelf PH itself was created to help meet a pressing need she noticed during the pandemic–a lack of books about Filipino businesses and local stories. Over time, the publisher has expanded its reach beyond its original scope.

Now, they wish to do the same for Filipino creatives. They too deserve a place where they can explore and spread their wings in an environment suited perfectly for free and total creative expression–a blankscape.

Come and bring your work today! Blankscape is now accepting submissions at https://www.blankscape.media/.

About Bookshelf PH

Bookshelf PH is an online marketplace, publisher, and printer dedicated to promoting and printing books in non-fiction and fiction for the Filipino audience.. Through workshops, publishing services, and community engagement, Bookshelf PH aims to make self-publishing accessible and enjoyable for all aspiring authors.

This Press Release has also been published on VRITIMES

Bitcoin Price Hits $65,000, Effects of #Uptober?

Bitcoin price is up and reaching over $65,000. Is this increase because #Uptober is coming or is it just a coincidence and BTC price will go down again tomorrow? Check out the explanation in this article.

Yesterday, Bitcoin received a prediction that its price would increase, today this prediction came true. Bitcoin Price rose to a level of more than $65,000 today.

Is it true that the increase in BTC prices is because #Uptober has come as predicted? Or will this price increase only last today and will decline again tomorrow?

Check out the detailed explanation by reading this article to the end.

Bitcoin Price Chart Today

After Bitcoin experienced a continuous decline in price for a long time, today Bitcoin finally penetrated the $65,710 level with an increase of +2.46%. In fact, within 24 hours, Bitcoin reached its highest price of $66,499.

You can see a screenshot of the Bitcoin price chart above taken from the Bitrue market. The BTC RSI indicator reached 65, which is a good number in the buying trend because it is more dominant than the selling trend. However, this dominance is still within reasonable limits, not overbought.

The MACD line is clearly visible rising. The two lines also have a clear distance so that the bullish trend will come soon.

So, we can be optimistic that today's Bitcoin price increase is the beginning of BTC's bullishness until the end of 2024. In fact, it is predicted that it will experience a price increase until 2025 based on its performance cycle in the last 4 years.

Bitcoin Dominance in the Crypto Market

Bitcoin has indeed become the dominant coin in the crypto market. With today's price increase, BTC dominance is at 58.04. This dominance figure is indeed relatively high, but has decreased by 0.06%.

The price of Bitcoin is like the price of other crypto tokens which experience price fluctuations every day. However, it cannot be denied that Bitcoin has had a fantastic price increase since its first appearance.

Larry Fink, CEO of Blackrock, even stated that Bitcoin could be considered a quality investment asset that could compete with gold.

Bitcoin, which has penetrated the investment stock market, is also increasingly recording major achievements. Bitcoin ETF inflows reached $23 billion and are predicted to continue experiencing significant growth in the future.

Conclusion: the Rising of BTC Price and #Uptober Optimism

#Uptober 2024 seems to be weakening in its presence. Moreover, there are many factors that make the arrival of this annual tradition seem late or even absent this year. However, today's Bitcoin price increase is good news and makes the crypto community optimistic about the presence of #Uptober.

#Uptober is predicted to come in mid-October around October 17/18. If the price of Bitcoin remains at $65,500, it means that #Uptober has really come.

For those of you who want to know about #Uptober developments, Bitcoin prices, and the condition of other coins in the crypto ecosystem, the Bitrue website is the answer. You can access the Bitrue website every day wherever you are for free.

Do a price check BTC to USD, BTC to USDT, and against the prices of other crypto tokens as a comparison. You can easily use all the features on Bitrue to do independent research before deciding to buy BTC coins or other crypto tokens.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Whales Bought Millions of Tokens, Will XRP Price Increase in the Upcoming Week?

  

In the past few days, many big investors (whales) have bought XRP tokens. Is this a sign that the XRP price will soon be bullish in the upcoming week? Here is the analysis.

XRP tokens seem to be selling well among whales in the last few days. Many whales are buying up large amounts of XRP coins. Because of this activity, many predictions that XRP price could experience an increase in the following week.

Is that true? Read this article until the end. We will explain in detail the current condition of the XRP price and the movements of large investors in the XRP ecosystem.

Emergence of the New Whale XRP

In the data written in on-chain data, it is stated that there were large-scale transactions of XRP tokens. A total of 104 million XRP tokens with a value of more than $55 million were moved.

Unfortunately, the whale's identity has not been traced so the Whale Alert blockchain tracking tool only shows the amount of XRP tokens moved. This activity automatically creates a new whale for the XRP token.

XRP Price Chart Today

Today's XRP price increased by +1.21% so it is currently trading at $0.5398. In the last 24 hours, XRP was at its highest price level, namely $0.5418.

The indicators in the XRP price chart above show positive signs, starting from RSI, and MACD, to Balance of Power or BoP.

The current RSI value of XRP is 56.95, which means the buying trend is more dominant than the selling trend. This is similar to the data in the BoP figures where it is currently at positive 0.37 so the market is dominated by a buying trend with conditions that could be bullish in the near future.

The MACD line also shows a bullish possibility because it rises from the existing boundary line.

Could XRP Get Bullish in the Near Future?

If you look at the technical analysis above, XRP has a positive bullish possibility in the near future. Moreover, the prediction of #Uptober will also be coming soon in mid-October so the price of XRP can also experience an optimistic increase, like other crypto tokens.

However, the fluctuating nature of crypto prices can also make the XRP graph conditions go the other way. You can check the XRP price in real-time on the Bitrue website to find out the condition of this token according to your needs.

Conclusion

That is an explanation of XRP price analysis by looking at how whales have moved in the last few days. Many whales are buying up XRP tokens in large quantities, which means that the XRP ecosystem is increasingly being discussed with many investors HODLing this token.

For those of you who are also interested in buy XRP tokens, don't just buy without doing research. Please do your own research (DYOR) so that you can carry out the right analysis according to your personal investment needs.

Doing research is very easy when you use the features provided by Bitrue. Real-time price checking feature from XRP to USD You can do it easily without changing websites. Also, find out about the various projects being carried out in the XRP ecosystem by reading articles on the Bitrue blog.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This Press Release has also been published on VRITIMES