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Upcoming Ripple Conference May Trigger The XRP Price: Analysis

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Upcoming Ripple

The month of October this year is crucial for a couple of things – one of which is the upcoming Ripple conference hosted by Ripple Labs, described as the annual gathering of the “world’s most trusted voices across financial services, payments, technology and policy” on many best cryptocurrency news sites.

As you probably know if you are reading our daily crypto news, the conference is named Swell and will be dedicated to the future of the payments industry and will offer a spotlight on Ripple’s native XRP cryptocurrency token. The upcoming Ripple conference, as many times before, will likely lead to a strong pump in the XRP price too, according to many analysts out there.

However, many are asking if the history can repeat – and will repeat this October. Starting in 2017, Ripple Labs has been hosting annual conferences each year named Swell, focused on the payments industry. The voices include many leaders in both the finance and the technology space, speaking about the coming altcoin news, the future of tech, innovation and a lot more topics.

In the previous years, the event has attracted leaders such as Sir Tim Berners-Lee who is seen as the inventor of the World Wide Web (WWW) as well as the former Fed Chairman Dr. Ben Bernanke. The upcoming Ripple conference will gather even more voices and will be an equal opportunity for people who want to learn more about the space – and the investors and traders looking for more insights.

As noted in the latest cryptocurrency news by a crypto analyst named Pierre, the past years have seen as “an easy and profitable long” opportunity as the price rocketed in the days ahead of the event.

Still, it is also important to note that the upcoming Ripple conference comes in times of vulnerability for XRP. Historically, the price of XRP has not pumped during the conference itself, but surged as an after effect after the actual event.

With two years of considerable growth, we will wait and see what will the upcoming Ripple conference bring. What traders certainly don’t want to hear is another decline posted by Ripple and its XRP token.

In the latest altcoin news, we can see that XRP is trading at $0.2595 with a decline of 0.92% on the day.

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Ripple News

Ripple CEO Garlinghouse Hints At IPO, Predicts More Public Offerings

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The Ripple CEO Garlinghouse Brad recently predicted that the initial public offerings (IPOs) will become more prevalent in the crypto and blockchain space in 2020. As he reportedly hinted at the World Economic Forum in Davos yesterday (January 23), Ripple would itself be one of those firms and seek a public flotation.
“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company,” the Ripple CEO Garlinghouse noted.
https://twitter.com/ashgoblue/status/1220413896068038656?s=21For those of you who haven't been following our crypto news, an IPO basically refers to the process of offering the shares of a private company to the public in a new stock issuance. Because of this, IPOs are often referred to as "going public" or as "floating" corporate shares to the wider market.The Ripple news also show that Garlinghouse is a fan of IPOs. As the crypto industry shifts its focus from initial coin offerings (ICOs) to initial public offerings (IPOs), there are many new and cumbersome legal and regulatory processes.However, as this space matures and in the wake of the post-boom ICO rout (which saw a lot of offerings exposed as either fraudulent or simply unsuccessful), firms are now seeking to build confidence with mainstream investors by way of public listings on stock exchanges.This is a trend which the Ripple CEO Garlinghouse appears to consider and thinks that it would consolidate itself in the near future. This comes even as some of the industry's largest players struggled to meet the stringent requirements of an IPO.Meanwhile, many major crypto firms such as Blockstack have chosen to pursue complaint token sales with the approval of the United States Securities and Exchange Commission (SEC). Silvergate Bank is one of the banks which went public in November 2019 and released its IPO on the New York Stock Exchange.The Bitcoin and altcoin news this afternoon show that BTC gained more than 1.40% on the day and the 24 hour volume looks impressive at $96 billion now.
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Garlinghouse Intends To Take The Company Public

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Garilnghouse Intends
The CEO of Ripple Brad Garlinghouse intends to take the company public, as he commented during Davos 2020 but the effects on XRP’s price could be catastrophic so let’s find out more in the ripple news today.According to the reports in Ripple-centric media, Brad Garlinghouse intends to take the company public and confirmed that an IPO is on the cards for the fintech platform. There was nothing on his feed but SVP of Product Asheesh Birla tweeted:
 “We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”
Floating on the stock market could provide the investors another way to get into the company without the volatility and regulatory restrictions of crypto but what does this mean for the future of XRP as a tradeable asset and an investment asset as well? Ripple supporters were extremely positive about this development and think that it would be bullish for the company and their tokens. However, the wider crypto community was commenting about this decision aside from the loyal XRP army which most have a similar opinion. The crypto trader Anondran stated:
 “WTF. $XRP is planning to do an IPO??? As if printing worthless coins, pumping it and making billions of dollars wasn’t enough? Send this shitcoin to absolute depth of hell.”
The San Francisco based company had its token being often considered as unregistered security and was a subject to future crackdowns from the US regulators. However, the company is still locked in the courts since they are establishing the status of XRP but had no verdict brought yet. As per the reports, XRP prices could skyrocket as well if it considered a commodity. With the IPO debate heating debate, the institutional investors are likely to take the option across their brokers rather than take on the tokens directly. It would net the company and most of its executives but not necessarily XRP holders. XRP had a really bad year in 2019 and dropped by 47 percent over the year ending up at a two year low below $0.2.
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Ripple Secured The Highest Amount Of Capital In 2019: Report

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Ripple secured the most amount of funding among other blockchain companies in 2019 according to the latest reports that we have in our Ripple news today.The report by CB Insights shows that Ripple secured about $200 million in Series C round from the investors such as SBI Group, Tetragon Financial Group, and Routee 66 Ventures. The company led y Brad Garlinghouse reached a valuation of $10 billion at that time. The investment round provided help for the XRP issuer to get to the top of the list of blockchain companies by the amount of the funds secured in 2019. Now, Ripple plans to use the funds for talent-hiring and opening of new offices across the globe thus enhancing balance sheet flexibility.After Ripple comes Figure Technologies in the list of largest funding rounds and this company managed to raise up to $10 million to support the expansion of the blockchain-based platform Provenance. The platform is able to help the users get home equity loans in just a few minutes. Digital Asset and PeerNova are coming next with $35 million and $31 million respectively. The first platform aims to fund developer community projects related to the Digital Asset Modeling Language which is used to faster asset settlement while PeerNova wants to expand its technology in order to help financial institutions handle their data workflow.Blockchain went mainstream but last year was not as successful for the specialized startups as 2018 was in terms of raised funds. According to the reports, the total equity funding to blockchain startups decreased more than 30 percent in 2019 compared to 2018 and mentions of blockchain in public earning reports also dropped. Ripple’s $200 million would not have even made it to the top three. The authors of the research suggest that the reason for the drop is that many of the crypto startups are still having a hard time figuring out the product-market fit. In 2019, the blockchain companies raised a total of $785 million making 164 deals which is a decrease by 36 percent compared to the previous year during the same period.In 2018, the major blockchain companies such as Coinbase and Bitmain had a lot of contributions and were among the top two fundraisers with $400 million and $321 million respectively. Ripple only raised half of the amount secured by Bitmain.
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Ripple Cuts Down The XRP Quarterly Dumping By $53 Million

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Ripple cuts down on the XRP quarterly dumping by $53 million and the platform released the report for its operations in the last quarter for 2019 and the final period for the year saw Ripple limit its selling of XRP from its escrow stash as we are reading further in the Ripple news.As per the reports, XRP is stabilized around $0.22 right after the recent price drop and now the attention is focused on the latest quarterly report so, in the past three months of 2019, ripple sold about $13.08 million in XRP which is down by 80 percent from the $66.2 million during the previous quarter. This was the first time that Ripple made the executive decision to return XRP released from escrow so beyond the OTC ripple has reserved some of the coins for distribution and partnerships.The slower sales that have the most XRP escrow tranches remained lock, arrived just in time to stem the price drop and XRP dropped down to $0.18 during the fall of 2019 which is when Bitcoin dropped and dragged all the assets with it. In the latest reports, Ripple commented on the situation and volumes that could affect the real valuation of XRP so, in addition to seeking a true measure of volume, Ripple was committed to slowing down its programmatic selling and boosting the trust in XRP. One of the major concerns for XRP adoption was the fact that Ripple had 50 billion coins in an Escrow account and chose to sell up to 1 billion coins per month.The low trading volumes in Q4 happened because of a change in the reporting methodology as per the CoinMarketCap recalculated volumes thus excluding exchanges where it had doubts about the inflated activity which limited the volumes of XRP to about $1.5 billion per day. Ripple cuts down on its quarterly dumping since the last quarter of 2019 also saw the prices stabilize with a volatility index were similar to the ones of bitcoin at about 3 percent. Based on the CCTT’s closing price of the coin, the volatility of XRP daily returns over Q4 was 3.1% which is a drop in volatility from Q3’s 3.6%. Ripple’s volatility in the quarter was similar to the one of Bitcoin and of Ethereum.
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